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 3.9706 - Guaranteed and Non-Guaranteed Elements
Current through Reg. 50, No. 13; March 28, 2025
(a) For the purposes of this subchapter, "guaranteed element" means an element listed in § 3.9705(a)(1) - (7) of this subchapter (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 § 3.9705(a)(1) - (7) of this subchapter 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.