83rd Texas Legislature, Regular Session, Senate Bill 1386, Chapter 788 Page: 1 of 5
The following text was automatically extracted from the image on this page using optical character recognition software:
vAP - (i
CHAPTER788 S.B. No. 1386
1 AN ACT
2 relating to the nonforfeiture requirements of certain life
3 insurance policies.
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. Subchapter A, Chapter 1105, Insurance Code, is
6 amended by adding Section 1105.0015 to read as follows:
7 Sec. 1105.0015. DEFINITION. In this chapter, "operative
8 date of the valuation manual" means the date, if any, on which the
9 valuation manual described by Subchapter B, Chapter 425 (Standard
10 Valuation Law), becomes operative as provided by that subchapter.
11 SECTION 2. Section 1105.055, Insurance Code, is amended by
12 amending Subsections (h) and (i) and adding Subsections (j), (k),
13 (1), and (m) to read as follows:
14 (h) For a policy issued before the operative date of the
15 valuation manual, any [Aey] ordinary mortality table adopted after
16 1980 by the National Association of Insurance Commissioners that is
17 approved by rules adopted by the commissioner for use in
18 determining the minimum nonforfeiture standard may be substituted
20 (1) the Commissioners 1980 Standard Ordinary
21 Mortality Table with or without Ten-Year Select Mortality Factors;
23 (2) the Commissioners 1980 Extended Term Insurance
Here’s what’s next.
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. Senate. 83rd Texas Legislature, Regular Session, Senate Bill 1386, Chapter 788, legislative document, June 14, 2013; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth437990/m1/1/: accessed November 21, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.