Texas Statutes
§ 1107.101 — PRESENT VALUE OF NONFORFEITURE BENEFITS.
Texas § 1107.101
JurisdictionTexas
Code INInsurance Code
This text of Texas § 1107.101 (PRESENT VALUE OF NONFORFEITURE BENEFITS.) 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. § 1107.101 (2026).
Text
Sec. 1107.101. PRESENT VALUE OF NONFORFEITURE BENEFITS.
(a)The present value of any paid-up annuity benefit available under an annuity contract on the date annuity payments are to begin may not be less than the minimum nonforfeiture amount for that contract on that date as computed under Subchapter B.
(b)The present value of the paid-up annuity benefit shall be computed using the mortality table, if any, and the interest rates specified in the contract for computing the minimum paid-up annuity benefit guaranteed by the contract.
Free access — add to your briefcase to read the full text and ask questions with AI
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.
Nearby Sections
15
§ 1107.001
APPLICABILITY OF CHAPTER.§ 1107.002
EXEMPTIONS.§ 1107.003
REQUIRED NONFORFEITURE PROVISIONS.§ 1107.004
OPTIONAL TERMINATION PROVISION.§ 1107.006
MATURITY DATE.§ 1107.051
MINIMUM NONFORFEITURE AMOUNT.§ 1107.052
CONTRACT WITH FLEXIBLE CONSIDERATIONS.§ 1107.054
CONTRACT WITH SINGLE CONSIDERATION.§ 1107.055
INTEREST RATE.§ 1107.056
ADDITIONAL INTEREST RATE ADJUSTMENTS.§ 1107.057
MINIMUM NONFORFEITURE AMOUNT.§ 1107.101
PRESENT VALUE OF NONFORFEITURE BENEFITS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1107.101, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1107.101.