760 Ind. Admin. Code 1-36-2

Current through December 12, 2024
Section 760 IAC 1-36-2 - Purpose of rule

Authority: IC 27-1-3-7

Affected: IC 27-1-12-7; IC 27-1-12-10

Sec. 2.

The purpose of this rule [ 760 IAC 1-36 ] 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.

760 IAC 1-36-2

Department of Insurance; 760 IAC 1-36-2; filed Oct 16, 1985, 2:18 pm: 9 IR 517; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed November 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA