Texas § 1107.006 MATURITY DATE.

Texas Statutes

§ 1107.006 — MATURITY DATE.

Texas § 1107.006

Code INInsurance Code

This text of Texas § 1107.006 (MATURITY DATE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1107.006 (2026).

Text

Sec. 1107.006. MATURITY DATE. In determining the value of benefits under Sections 1107.102 , 1107.103 , and 1107.104 , the maturity date is the latest date on which an election is permitted by the contract, but not later than the later of:

(1)the next anniversary of the annuity contract that follows the annuitant's 70th birthday; or

(2)the 10th anniversary of the contract. SUBCHAPTER B. COMPUTATION OF MINIMUM NONFORFEITURE AMOUNT

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Sec. 1107.006. MATURITY DATE. In determining the value of benefits under Sections 1107.102 , 1107.103 , and 1107.104 , the maturity date is the latest date on which an election is permitted by the contract, but not later than the later of:
(1) the next anniversary of the annuity contract that follows the annuitant's 70th birthday; or
(2) the 10th anniversary of the contract.
SUBCHAPTER B. COMPUTATION OF MINIMUM NONFORFEITURE AMOUNT

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 869, Sec. 1, eff. June 20, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 408 (H.B. 1919 ), Sec. 1, eff. September 1, 2009.