14 Va. Admin. Code § 5-60-10

Current through Register Vol. 41, No. 10, December 30, 2024

Section 14VAC5-60-10 - Purpose

The purpose of this chapter (14VAC5-60-10 et seq.) is to permit the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for plans of insurance with separate premium rates for smokers and nonsmokers.

14 Va. Admin. Code § 5-60-10

Derived from Regulation 29, Case No. INS860320, § 2, eff. May 1, 1987.

Statutory Authority

§§ 12.1-13, 38.2-223, 38.2-3117, 38.2-3130, and 38.2-3209 of the Code of Virginia.