Texas § 887.401 RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES.

Texas Statutes

§ 887.401 — RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES.

Texas § 887.401

Code INInsurance Code

This text of Texas § 887.401 (RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES.) 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. § 887.401 (2026).

Text

Sec. 887.401. RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES.

(a)An association shall reserve an individual life insurance certificate insuring one or more persons at individual premiums for each person as provided by this section.

(b)An association shall maintain reserves on each of its individual life insurance certificates in accordance with the reserve standard adopted by the association and approved by the commissioner. The standard must provide reserves that in the aggregate are at least equal to the reserve amounts computed using the 1956 Chamberlain Reserve Table with interest not to exceed 3-1/2 percent a year. An association may use the 1956 Chamberlain Reserve Table with interest not to exceed 3-1/2 percent a year.

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

Sec. 887.401. RESERVES ON INDIVIDUAL LIFE INSURANCE CERTIFICATES. (a) An association shall reserve an individual life insurance certificate insuring one or more persons at individual premiums for each person as provided by this section.
(b) An association shall maintain reserves on each of its individual life insurance certificates in accordance with the reserve standard adopted by the association and approved by the commissioner. The standard must provide reserves that in the aggregate are at least equal to the reserve amounts computed using the 1956 Chamberlain Reserve Table with interest not to exceed 3-1/2 percent a year. An association may use the 1956 Chamberlain Reserve Table with interest not to exceed 3-1/2 percent a year.