La. Admin. Code tit. 37 § XIII-10901

Current through Register Vol. 50, No. 6, June 20, 2024

Section XIII-10901 - Purpose

A. The purpose of this regulation is to provide:

1. tables of select mortality factors and rules for their use;

2. rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and

3. rules concerning a minimum standard for the valuation of plans with secondary guarantees.

B. The method for calculating basic reserves defined in this regulation will constitute the commissioners' reserve valuation method for policies to which this regulation is applicable.

La. Admin. Code tit. 37, § XIII-10901

Promulgated by the Department of Insurance, Office of the Commissioner, LR 31:2550 (October 2005).

AUTHORITY NOTE: Promulgated in accordance with R.S.22:3, 22:163, 22:168 and the Administrative Procedure Act, R.S. 49:950 et seq.