Statutes, codes, and regulations
North Dakota Administrative Code
Title 45 - Insurance, Commissioner ofArticle 45-04 - Life Insurance
Chapter 45-04-07.3 - Pre-Need Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values
Section 45-04-07.3-04 - Minimum valuation method standards

N.D. Admin. Code 45-04-07.3-04

Download
PDF
Current through Supplement No. 394, October, 2024
Section 45-04-07.3-04 - Minimum valuation method standards
1. The method used in determining the standard for the minimum valuation of reserves of pre-need life insurance shall be the method defined in North Dakota Century Code section 26.1-35-02.
2. The method used in determining the standard for the minimum nonforfeiture values for pre-need life insurance shall be the method defined in North Dakota Century Code section 26.1-33-27.

N.D. Admin Code 45-04-07.3-04

Effective January 1, 2009.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 26.1-35-02