The Texas Department of Insurance published a bulletin announcing they are adopting the recent changes to the NAIC’s valuation manual on reserving and related requirements.

Under Texas Insurance Code §425.073, the commissioner must adopt the valuation manual and any changes made. When the NAIC makes changes to the manual, TDI must adopt the changes or make similar changes. The NAIC made changes to the valuation manual on August 15, 2024, which TDI is also adopting.