Sec. 425.060. APPLICABILITY OF CALENDAR YEAR STATUTORY VALUATION INTEREST RATES. The calendar year statutory valuation interest rates as defined by Sections 425.061 , 425.062 , and 425.063 are the interest rates used in determining the minimum standard for the valuation of: (1) a life insurance policy to which Subchapter B , Chapter 1105 , applies; (2) an individual annuity or pure endowment contract issued on or after January 1, 1982; (3) an annuity or pure endowment purchased on or after January 1, 1982, under a group annuity or pure endowment contract; or (4) the net increase, if any, in a calendar year after January 1, 1982, in amounts held under a guaranteed interest contract.
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