§ 1105.051 Applicability of Subchapter
§ 1105.052 Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method
§ 1105.053 Computation of Amounts for Policy With Changing Benefits or Premiums
§ 1105.054 Computation of Amounts for Policy Issued On Substandard Basis
§ 1105.055 Use of Mortality Tables and Interest Rates With Nonforfeiture Net Level Premium Method
§ 1105.056 Nonforfeiture Interest Rate
§ 1105.057 Refiling of Policy Provisions Not Required
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Terms Used In Texas Insurance Code Chapter 1105 > Subchapter B - Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Rule: includes regulation. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005