Sec. 1152.106.  RESERVE LIABILITY FOR VARIABLE CONTRACT.  The reserve liability for a variable contract must be established under actuarial procedures that recognize:
(1)  the variable nature of the benefits provided;  and
(2)  any mortality guarantees.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.