Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter PP - ANNUITY DISCLOSURES
Division 1 - ANNUITY CONTRACT DISCLOSURES
Section 3.9705 - Determinable Elements
Universal Citation: 28 TX Admin Code § 3.9705
Current through Reg. 50, No. 13; March 28, 2025
(a) For the purposes of this subchapter, "determinable elements" means elements derived from processes or methods that are guaranteed at issue and are not subject to company discretion, but for which the values or amounts cannot be determined until some point after issue. The term includes:
(1) premiums;
(2) credited interest rates, including any
bonus;
(3) benefits;
(4) values;
(5) non-interest based credits;
(6) charges; and
(7) elements of formulas used to determine
any element described by paragraphs (1) - (6) of this subsection.
(b) Determinable elements may be described as guaranteed but not determined at issue. An element is considered determinable if the element was computed from only underlying determinable elements, or from both determinable and guaranteed elements.
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