Insurance Code § 425.071
This section allows lapse rates to be included in reserve calculations for certain universal life contracts, caps those lapse rates at 2% per year, and authorizes the commissioner to adopt implementing rules.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
lapse rates secondary guarantees universal life contracts valuation reserves
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Insurance Code § 425.071
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