28 Tex. Admin. Code § 3.9706 - Guaranteed and Non-Guaranteed Elements
(a)
For the purposes of this subchapter, "guaranteed element" means an element
listed in §
3.9705(a)(1) -
(7) of this subchapter (relating to
Determinable Elements) that is guaranteed and determined at issue. An element
is considered guaranteed if all of the underlying elements used in its
computation are guaranteed.
(b) For
the purposes of this subchapter, "non-guaranteed element" means an element
listed in §
3.9705(a)(1) -
(7) of this subchapter that is subject to the
insurer's discretion and is not guaranteed at issue. An element is considered
non-guaranteed if any underlying element used in its computation is
non-guaranteed.
Notes
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