Texas § 884.454 COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY.

Texas Statutes

§ 884.454 — COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY.

Texas § 884.454

Code INInsurance Code

This text of Texas § 884.454 (COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY.) 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. § 884.454 (2026).

Text

Sec. 884.454. COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY.

(a)As soon as practical each year, the department shall compute the reserve liability of each stipulated premium company that has outstanding insurance policies.

(b)To make the computations, the department:

(1)shall use the net premium basis in accordance with the reserve table and interest rate adopted by the stipulated premium company and approved by the commissioner; and

(2)may use group methods and approximate averages for fractions of a year.

(c)The reserve liability may be computed on not more than a one-year preliminary term with allowance for any deficiency reserve under Section 884.453 .

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 884.454. COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY. (a) As soon as practical each year, the department shall compute the reserve liability of each stipulated premium company that has outstanding insurance policies.
(b) To make the computations, the department:
(1) shall use the net premium basis in accordance with the reserve table and interest rate adopted by the stipulated premium company and approved by the commissioner; and
(2) may use group methods and approximate averages for fractions of a year.
(c) The reserve liability may be computed on not more than a one-year preliminary term with allowance for any deficiency reserve under Section 884.453 .