28 Tex. Admin. Code § 4.2714 - Conditions
For each plan of insurance with separate rates for smokers and nonsmokers, an insurer may:
(1) use composite mortality tables to
determine minimum reserve liabilities and minimum cash surrender values and
amounts of paid-up nonforfeiture benefits or benefits under any extended term
insurance provision;
(2) use smoker
and nonsmoker mortality tables to determine the valuation net premiums and
additional minimum reserves, if any, required by Insurance Code §
425.068, concerning
Reserve Computation: Gross Premium Charged Less Than Valuation Net Premium, and
use composite mortality tables to determine the basic minimum reserves, minimum
cash surrender values, and amounts of paid-up nonforfeiture benefits, or
benefits under any extended term insurance provision; or
(3) use smoker and nonsmoker mortality tables
to determine minimum reserve liabilities and minimum cash surrender values and
amounts of paid-up nonforfeiture benefits, or benefits under any extended term
insurance provision.
Notes
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