Section 1105.056 - Nonforfeiture Interest Rate(a) For a policy issued before the operative date of the valuation manual, the annual nonforfeiture interest rate for a policy issued in a particular calendar year is equal to 125 percent of the calendar year statutory valuation interest rate for that policy as defined by Subchapter B, Chapter 425, rounded to the nearest one-fourth of one percent, except that the rate may not be less than four percent.(b) For a policy issued on or after the operative date of the valuation manual, the annual nonforfeiture interest rate for any policy issued in a particular calendar year is provided by the valuation manual.Tex. Ins. Code § 1105.056
Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 313,Sec. 18, eff. 9/1/2015.Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 788,Sec. 3, eff. 1/1/2014.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2F.005, eff. 4/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003. See Acts 2013, 83rd Leg. - Regular Session, ch. 788, Sec. 4.