Texas § IN.425.055 - SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION
Full text of Texas The Texas Constitution § IN.425.055 — SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION, with citation guidance and answers to common questions.
§ IN.425.055. SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION
SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION. (a) A memorandum shall be prepared to support each actuarial opinion required by Section 425.054 or 425.0545 . The form and substance of each supporting memorandum must comply with the commissioner's rules for memorandums subject to Section 425.054 , or the valuation manual for memorandums subject to Section 425.0545 . (b) The commissioner may engage an actuary or other financial specialist as defined by commissioner rule if: (1) a life insurance company does not provide a supporting memorandum at the request of the commissioner in the time specified by rule; or (2) the company provides a supporting memorandum, but the commissioner determines that the supporting memorandum does not meet the standards prescribed by rule or is otherwise unacceptable to the commissioner. (c) The actuary or other financial specialist under Subsection (b) shall: (1) review the actuarial opinion and the basis for the opinion; and (2) prepare the supporting memorandum. (d) A life insurance company is responsible for the expense of the actuary or other financial specialist under Subsection (b). Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2015, 84th Leg., R.S., Ch. 313 (S.B. 1654 ), Sec. 8, eff. September 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.425.055
What does The Texas Constitution § IN.425.055 cover?
Section IN.425.055 ("SUPPORTING MEMORANDUM FOR ACTUARIAL OPINION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.425.055?
A common citation format is "The Texas Constitution § IN.425.055" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.425.055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.