28 Tex. Admin. Code § 3.9601 - Purpose and Applicability
(a) The purpose of
this subchapter is to establish the minimum mortality standards for reserves
and nonforfeiture values for preneed life insurance policies or certificates,
and to recognize, permit, and prescribe the use of the Ultimate 1980 CSO in
determining the minimum standard of valuation of reserves and the minimum
standard nonforfeiture values for preneed life insurance policies or
certificates in accordance with §
425.058(c)
and §
1105.055 of the
Insurance Code and §
3.4505(a) of
this chapter (relating to General Calculation Requirements for Basic Reserves
and Premium Deficiency Reserves).
(b) This subchapter applies to all preneed
life insurance policies and certificates issued on or after January 1,
2009.
Notes
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