Statutes, codes, and regulations
Virginia Administrative Code
Title 14 - INSURANCEAgency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 323 - RULES GOVERNING PRENEED LIFE INSURANCE MINIMUM STANDARDS FOR DETERMINING RESERVE LIABILITIES AND NONFORFEITURE VALUES
Section 14VAC5-323-10 - Authority

14 Va. Admin. Code § 5-323-10

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Current through Register Vol. 40, No. 22, June 17, 2024
Section 14VAC5-323-10 - Authority

This chapter is promulgated by the commission, pursuant to § 38.2-223 of the Code of Virginia and in accordance with §§ 38.2-1369, 38.2-3206 through 38.2-3209, and 38.2-4120 of the Code of Virginia and 14VAC5-319-40, to approve, recognize, permit, and prescribe 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 insurers offering preneed insurance in this Commonwealth.

14 Va. Admin. Code § 5-323-10

Derived from Virginia Register Volume 25, Issue 8, eff. January 1, 2009; Amended, Virginia Register Volume 31, Issue 09, eff. 1/1/2015.

Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.