HB 427, 58th R.S.
Relating to amending the Insurance Code of the State of Texas to provide for the valuation of certain guarantees in life insurance policies and coupons issued on or after the operative date of Article 3.44a; to enact the Standard Valuation Law prescribing requirements for the valuation of the reserve liabilities for life insurance policies and annuity and pure endowment contracts; to provide for non-forfeiture benefits and cash surrender values of life insurance policies issued on or after the operative date of Article 3.44a; to enact the Standard Non-forfeiture Law prescribing requirements for the computation of non-forfeiture benefits and cash surrender values for life insurance policies; to limit the application of Article 3.46 to policies and contracts issued prior to the operative date of Article 3.44a; to amend relative to group life insurance policies; to provide for non-forfeiture benefits and cash surrender values of industrial life insurance policies issued on or after the operative date of Article 3.44a; to make the provisions hereof applicable to domestic mutual life insurance companies.
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