- (1) The interest rates used in determining the minimum standard for valuation of preneed insurance shall be the calendar year statutory valuation interest rates as defined in Code of Ala. 1975, §27-36-7.
- (2) The interest rates used in determining the minimum standard for nonforfeiture values for preneed insurance shall be the calendar year statutory nonforfeiture interest rates as defined in Code of Ala. 1975, §§27-15-28.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-36-7.
History: New Rule: Filed November 7, 2008; effective
January 1, 2009. Filed with LRS November 12, 2008. Rule is not
subject to the Alabama Administrative Procedure Act.