(a) The carrier shall submit to the board with the structured settlement, in camera, the cost of the annuity.

(b) The cost of the annuity to a carrier that does not purchase an annuity from a third party is the discounted value of the periodic payments to be provided (effective 1987).

The provisions of this § 56.65 adopted to be effective December 21, 1987, 12 TexReg 4529.