Section 4.2831 - Purpose and Applicability(a) The purpose of this subchapter is to establish the minimum mortality standards for reserves and nonforfeiture values for preneed life insurance policies or certificates, and to recognize, permit, and prescribe the use of the Ultimate 1980 CSO in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for preneed life insurance policies or certificates in accordance with Insurance Code § 425.058(c), concerning Computation of Minimum Standard: General Rule, and §1105.055, concerning Use of Mortality Tables and Interest Rates with Nonforfeiture Net Level Premium Method, and § 4.2825(a) of this title (relating to General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves).(b) This subchapter applies to all preneed life insurance policies and certificates issued on or after January 1, 2009.28 Tex. Admin. Code § 4.2831
Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0265, eff. 1/24/2024