INSURANCE REGULATION 93 VALUATION OF LIFE INSURANCE POLICIES
230-RICR-20-25-8 INACTIVE RULE
| Title | 230 | Department of Business Regulation (includes the Office of the Health Insurance Commissioner) |
| Chapter | 20 | Insurance |
| Subchapter | 25 | Life and Annuities |
| Part | 8 | INSURANCE REGULATION 93 VALUATION OF LIFE INSURANCE POLICIES |
| Type of Filing | Amendment |
| Regulation Status | Inactive |
| Effective | 08/26/2010 to 08/26/2010 |
Regulation Authority:
R.I. Gen. Laws § 27-4.5-11.
Purpose and Reason:
The purpose of this Regulation is to provide: (1) Tables of select mortality factors and rules for their use; (2) Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and (3) Rules concerning a minimum standard for the valuation of plans with secondary guarantees. B. The method for calculating basic reserves defined in this Regulation will constitute the Commissioners’ Reserve Valuation Method for policies to which this Regulation is applicable.
Rulemaking Documents are organized by document type and are part of this rule’s rulemaking record (R.I. Gen. Laws § 42-35-2.3). If multiple documents of the same type are listed below, each is a unique document. If there are multiple Public Notice of Proposed Rulemaking documents, view each document to identify the most recently amended version, as it may be amended at any point during the Public Comment Period.