Ala. Admin. Code r. 482-1-075-.02

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-075-.02 - Purpose

The purpose of this chapter is to permit the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for plans of insurance with separate premium rates for smokers and nonsmokers.

Ala. Admin. Code r. 482-1-075-.02

New: November 4, 1985; effective November 15, 1985. Filed for codification in the Alabama Administrative Code by the Department of Insurance on December 16, 2003, pursuant to the Code of Ala. 1975, § 27-7-43.

Amended by Alabama Administrative Monthly Volume XLII, Issue No. 09, June 28, 2024, eff. 7/1/2024.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-15-70 to 27-15-83.