Statutes, codes, and regulations
Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-143 - PRENEED INSURANCE MINIMUM STANDARDS FOR DETERMINING RESERVE LIABILITIES AND NONFORFEITURE VALUES
Section 482-1-143-.07 - Minimum Valuation Method Standards

Ala. Admin. Code r. 482-1-143-.07

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Current through Register Vol. 43, No. 1, October 31, 2024
Section 482-1-143-.07 - Minimum Valuation Method Standards
(1) The method used in determining the standard for the minimum valuation of reserves of preneed insurance shall be the method defined in Code of Ala. 1975, § 27-36-7.
(2) The method used in determining the standard for the minimum nonforfeiture values for preneed insurance shall be the method defined in Code of Ala. 1975, §§ 27-15-28.

Ala. Admin. Code r. 482-1-143-.07

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.