1152.058 – ASSET VALUATION IN SEPARATE ACCOUNT. An asset
Texas Insurance Code § 1152.058
Summary
This law outlines how assets in a separate account for insurance companies should be valued. It affects insurance companies managing separate accounts by specifying valuation methods based on market availability and contractual agreements.
Assets are valued at market value on the valuation date.
Alternative valuation methods apply if no market exists.
Rules for asset valuation align with the company's reserve liabilities.
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In simple terms: Learn about Texas's ASSET VALUATION IN SEPARATE ACCOUNT. An asset 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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