Texas Statutes
§ 1107.106 — MINIMUM NONFORFEITURE VALUES UNDER CONTRACT THAT PROVIDES ANNUITY AND LIFE INSURANCE BENEFITS.
Texas § 1107.106
JurisdictionTexas
Code INInsurance Code
This text of Texas § 1107.106 (MINIMUM NONFORFEITURE VALUES UNDER CONTRACT THAT PROVIDES ANNUITY AND LIFE INSURANCE 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. § 1107.106 (2026).
Text
Sec. 1107.106. MINIMUM NONFORFEITURE VALUES UNDER CONTRACT THAT PROVIDES ANNUITY AND LIFE INSURANCE BENEFITS. For a contract that provides, by rider or by supplemental provision, both annuity benefits and life insurance benefits that exceed the greater of the value of the cash surrender benefit or the amount with interest of the gross considerations paid on the contract, the minimum nonforfeiture benefits are equal to the sum of the minimum nonforfeiture benefits for the annuity portion of the contract and the minimum nonforfeiture benefits, if any, for the life insurance portion of the contract, computed as if each portion were a separate contract.
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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 § 1107.106, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1107.106.