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 14VAC5-323-50 - Minimum valuation method standards

14 Va. Admin. Code § 5-323-50

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Current through Register Vol. 40, No. 22, June 17, 2024
Section 14VAC5-323-50 - Minimum valuation method standards
A. The method used in determining the standard for the minimum valuation of reserves of preneed insurance shall be the method defined in §§ 38.2-1368 and 38.2-1369 of the Code of Virginia.
B. The method used in determining the standard for the minimum nonforfeiture values for preneed insurance shall be the method defined in § 38.2-3209 of the Code of Virginia.

14 Va. Admin. Code § 5-323-50

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.