Texas § 425.069 RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS.

Texas Statutes

§ 425.069 — RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS.

Texas § 425.069

Code INInsurance Code

This text of Texas § 425.069 (RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS.) 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. § 425.069 (2026).

Text

Sec. 425.069. RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS.

(a)For a life insurance plan that provides for future premium determination, the amounts of which are to be determined by the insurance company based on estimates of future experience, or a life insurance plan or annuity for which the minimum reserves cannot be determined by the methods described by Sections 425.064 , 425.065 , and 425.068 , the reserves held must:

(1)be appropriate in relation to the benefits and the pattern of premiums for the plan; and

(2)be computed by a method that is consistent with the principles of this subchapter, as determined by commissioner rule.

(b)Notwithstanding any other provision of state law, the commissioner must affirmatively approve a policy, contract, or certif

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Sec. 425.069. RESERVE COMPUTATION: INDETERMINATE PREMIUM PLANS AND CERTAIN OTHER PLANS. (a) For a life insurance plan that provides for future premium determination, the amounts of which are to be determined by the insurance company based on estimates of future experience, or a life insurance plan or annuity for which the minimum reserves cannot be determined by the methods described by Sections 425.064 , 425.065 , and 425.068 , the reserves held must:
(1) be appropriate in relation to the benefits and the pattern of premiums for the plan; and
(2) be computed by a method that is consistent with the principles of this subchapter, as determined by commissioner rule.
(b) Notwithstanding any other provision of state law, the commissioner must affirmatively approve a policy, contract, or certificate that provides life insurance under a plan described by Subsection (a) before the policy, contract, or certificate may be marketed, issued, delivered, or used in this state.