APPLICABILITY OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATES.
Tex. INS Code § 425.060.
in effectThe calendar year statutory valuation interest rates as defined by Sections 425.061 , 425.062 , and 425.063 are the interest rates used in determining the minimum standard for the valuation of:
(1) a life insurance policy to which Subchapter B , Chapter 1105 , applies;
(2) an individual annuity or pure endowment contract issued on or after January 1, 1982;
(3) an annuity or pure endowment purchased on or after January 1, 1982, under a group annuity or pure endowment contract; or
(4) the net increase, if any, in a calendar year after January 1, 1982, in amounts held under a guaranteed interest contract.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.