Section 3 AAC 28.070 - Valuation of assets in separate account(a) Unless otherwise approved by the director, assets allocated to a separate account shall be valued at their market value on the date of valuation, or if there is no readily available market, then as provided under the terms of the contract or the rules or other written agreement applicable to such separate account.(b) Notwithstanding (a) of this section and unless otherwise approved by the director, the portion, if any, of the assets of such separate account equal to the company's reserve liability with regard to the benefits and funds referred to in 3 AAC 28.060(b) shall be valued in accordance with the rules otherwise applicable to the company's assets.Eff. 11/8/73, Register 48In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.42.370 as AS 21.42.315. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 28.070, so that the citation to former AS 21.42.370(j) now refers to the renumbered statute, AS 21.42.315.
Authority:AS 21.06.090
AS 21.42.315