1107.107 – COMPUTATIONS NOT AFFECTED BY ADDITIONAL
Texas Insurance Code § 1107.107
Summary
This law clarifies that certain additional benefits, such as those for total disability or reversionary annuities, are excluded from calculations of minimum nonforfeiture amounts and other benefits. This affects insurance companies and policyholders by ensuring that these additional benefits do not impact the value of primary benefits.
Excludes specific additional benefits from key financial computations.
Applies to minimum nonforfeiture amounts and paid-up benefits.
Ensures clarity in benefit calculations for policyholders.
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In simple terms: Learn about Texas's COMPUTATIONS NOT AFFECTED BY ADDITIONAL 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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