1105.055[2/2] – USE OF MORTALITY TABLES AND INTEREST RATES WITH
Texas Insurance Code § 1105.055[2/2]
Summary
This law allows the Texas insurance commissioner to adopt mortality tables from the National Association of Insurance Commissioners. These tables can set new minimum nonforfeiture standards for certain insurance policies, overriding previous standards in the valuation manual.
Commissioner can adopt mortality tables for insurance policies.
New tables may replace existing nonforfeiture standards.
Applies to policies issued after the valuation manual's operative date.
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In simple terms: Learn about Texas's USE OF MORTALITY TABLES AND INTEREST RATES WITH law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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