Statutes, codes, and regulations
Maine Administrative Code
Department 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATIONDivision 031 - BUREAU OF INSURANCEChapter 340 - MORTALITY TABLES FOR DETERMINING MINIMUM RESERVES AND NONFORFEITURE BENEFITS
Article VIII - Determining Reserve Liabilities for Credit Life Insurance
Section 031-340-VIII-1 - Purpose

02-031-340 Me. Code R. § VIII-1

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Current through 2025-03, January 15, 2025
Section 031-340-VIII-1 - Purpose

The purpose of this Article is to:

A. Recognize the 2001 CSO Male Composite Ultimate Mortality Table for use in determining the minimum standard of valuation for credit life insurance.
B. Specify the interest rate and method to be used in determining the minimum standard of valuation for credit life insurance.

02-031 C.M.R. ch. 340, § VIII-1