Tenn. Comp. R. & Regs. 0780-01-29-.07

Current through June 26, 2024

Section 0780-01-29-.07 - RESERVES FOR RETURN OF PREMIUM BENEFIT

A statement describing the method of determining reserves including all of the actuarial assumptions involved must be filed with the policy or rider. Minimum reserves are those according to the one year preliminary term method and the mortality tables and rate of interest prescribed for reserves under regular accident and health benefits. No assumed lapse rate may be used in computing minimum reserves.

Tenn. Comp. R. & Regs. 0780-01-29-.07

Original rule filed May 27, 1976; effective June 28, 1976.

Authority: T.C.A. §§ 56-1-701 and 56-26-114.