Texas § 1107.107 COMPUTATIONS NOT AFFECTED BY ADDITIONAL BENEFITS.

Texas Statutes

§ 1107.107 — COMPUTATIONS NOT AFFECTED BY ADDITIONAL BENEFITS.

Texas § 1107.107

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This text of Texas § 1107.107 (COMPUTATIONS NOT AFFECTED BY ADDITIONAL 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. § 1107.107 (2026).

Text

Sec. 1107.107. COMPUTATIONS NOT AFFECTED BY ADDITIONAL BENEFITS.

(a)Notwithstanding any other provision of this subchapter or Section 1107.006 , a computation of a minimum nonforfeiture amount or of a paid-up annuity, cash surrender, or death benefit under this chapter may not include:

(1)any additional benefit that is:

(A)payable in the event of total and permanent disability;

(B)payable as a reversionary annuity or deferred reversionary annuity benefit; or

(C)payable as another policy benefit in addition to life insurance, endowment, or annuity benefits; or

(2)the considerations paid for the additional benefit.

(b)A paid-up benefit under an annuity contract is not required to include an additional benefit described by Subsection (a) unless the additional benefit separately require

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Sec. 1107.107. COMPUTATIONS NOT AFFECTED BY ADDITIONAL BENEFITS. (a) Notwithstanding any other provision of this subchapter or Section 1107.006 , a computation of a minimum nonforfeiture amount or of a paid-up annuity, cash surrender, or death benefit under this chapter may not include:
(1) any additional benefit that is:
(A) payable in the event of total and permanent disability;
(B) payable as a reversionary annuity or deferred reversionary annuity benefit; or
(C) payable as another policy benefit in addition to life insurance, endowment, or annuity benefits; or
(2) the considerations paid for the additional benefit.
(b) A paid-up benefit under an annuity contract is not required to include an additional benefit described by Subsection (a) unless the additional benefit separately requires:
(1) a minimum nonforfeiture amount; or
(2) a paid-up annuity, cash surrender, or death benefit.