Ala. Admin. Code r. 482-1-143-.05

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-143-.05 - Minimum Valuation Mortality Standards

For contracts of preneed insurance as defined in 482-1-143-.04, the minimum mortality standard for determining reserve liabilities and non-forfeiture values for both male and female insureds shall be the Ultimate 1980 CSO.

Ala. Admin. Code r. 482-1-143-.05

New: Filed November 7, 2008; effective January 1, 2009. Filed with LRS November 12, 2008. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-36-7.