INSURANCE REGULATION 93 VALUATION OF LIFE INSURANCE POLICIES


230-RICR-20-25-8 INACTIVE RULE

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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.