(a) The interest rates used in determining the minimum standard for valuation of preneed life insurance are the calendar year statutory valuation rates as defined in Insurance Code Chapter 425, Subchapter B, concerning Standard Valuation Law.
(b) The interest rates used in determining the minimum standard for nonforfeiture values for preneed life insurance are the calendar year statutory nonforfeiture interest rates as defined in Insurance Code Chapter 1105, concerning Standard Nonforfeiture Law for Life Insurance.

Source Note: The provisions of this §4.2834 adopted to be effective December 29, 2008, 33 TexReg 10441; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250