Section 304.6-160 - Amount of aggregate reserves(1) In no event shall an insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, which are subject to subsection (2) of KRS 304.6-140, be less than the aggregate reserves calculated in accordance with the methods set forth in KRS 304.6-150, 304.6-155, 304.6-180 and 304.15-410, and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for such policies.(2) In no event shall the aggregate reserves for all policies, contracts, and benefits be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by KRS 304.6-171.Amended by 2015 Ky. Acts ch. 57,§ 12, eff. 6/22/2015.Effective:7/15/1996
Amended 1996, Ky. Acts ch. 289, sec. 2, effective7/15/1996. -- Amended 1982 Ky. Acts ch. 263, sec. 12, effective 7/15/1982. -- Amended 1978 Ky. Acts ch. 280, sec. 5, effective 6/17/1978. -- Created 1970 Ky. Acts ch. 301, subtit. 6, sec. 16, effective 6/18/1970.