Statutes, codes, and regulations
Nebraska Administrative Code
INSURANCE, DEPARTMENT OFTitle 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 83 - Preneed Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values Model Regulation
Section 210-83-003 - Purpose

210 Neb. Admin. Code, ch. 83, § 003

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Current through September 17, 2024
Section 210-83-003 - Purpose

The purpose of this regulation is to establish for preneed insurance products minimum mortality standards for reserves and nonforfeiture values, and to require the use of the 1980 Commissioners' Standard Ordinary (CSO) Life Valuation Mortality Table for use in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for preneed insurance products.

210 Neb. Admin. Code, ch. 83, § 003