Section 18.07.03.001 - SCOPE01.Scope. Provides Tables of select mortality factors and minimum standards for plan valuations with: a. Nonlevel premiums or benefits; or02.Method. The method for calculating basic reserves defined herein will constitute the commissioners' reserve valuation method for applicable policies.03.Applicability. This chapter applies to all life insurance policies, with or without nonforfeiture values, issued on or after March 30, 2001,subject to these exceptions and conditions. a. Exceptions. This chapter does not apply to:i. An individual life insurance policy issued on or after March 30, 2001, if the policy is issued under, and because of, the exercise of a reentry provision in the original life insurance policy of the same or greater face amount, issued before March 30, 2001, that guarantees the new policy's premium rates. This chapter also does not apply to later policies issued because of the exercise of such a provision, or a derivation of the provision, in the new policy.ii. A universal life policy that meets all the following requirements:(1) Secondary guarantee period, if any, is five (5) years or less;(2) Specified premium for the secondary guarantee period is at least the net level reserve premium for the secondary guarantee period based on the CSO valuation tables, as defined, and the applicable valuation interest rate; and(3) The initial surrender charge is at least one hundred percent (100%) of the first year annualized specified premium for the secondary guarantee period.iii. A variable life insurance policy that provides for life insurance, the amount or duration of which varies according to the investment experience of any separate account or accounts.iv. A variable universal life insurance policy that provides for life insurance, the amount or duration of which varies according to the investment experience of any separate account or accounts.v. A group life insurance certificate unless the certificate provides for a stated or implied schedule of maximum gross premiums needed to continue coverage in force for a period beyond one (1) year.b. Conditions:i. The minimum valuation standard for policies with guaranteed nonlevel gross premiums or guaranteed nonlevel benefits (other than universal life policies), or both, will be calculated per Section 012.ii. The minimum valuation standard for flexible premium and fixed premium universal life insurance policies, which contain provisions resulting in the ability of a policyholder to keep a policy in force over a secondary guarantee period, will be calculated per Section 013.Idaho Admin. Code r. 18.07.03.001