Section 4.2306 - Guaranteed and Non-Guaranteed Elements(a) For the purposes of this subchapter, "guaranteed element" means an element listed in §4.2305(a)(1) - (7) of this title (relating to Determinable Elements) that is guaranteed and determined at issue. An element is considered guaranteed if all of the underlying elements used in its computation are guaranteed.(b) For the purposes of this subchapter, "non-guaranteed element" means an element listed in §4.2305(a)(1) - (7) of this title that is subject to the insurer's discretion and is not guaranteed at issue. An element is considered non-guaranteed if any underlying element used in its computation is non-guaranteed.28 Tex. Admin. Code § 4.2306
Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0261, eff. 1/24/2024