1. (a) The purpose of this article is to provide:

   1. (1) Tables of select mortality factors and rules for their use;
   2. (2) Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and
   3. (3) Rules concerning a minimum standard for the valuation of plans with secondary guarantees.
2. (b) The method for calculating Basic Reserves defined in this article will constitute the commissioners reserve valuation method for policies to which this article is applicable.

Note: Authority cited: Section 10489.94, Insurance Code. Reference: Sections 10489.2, 10489.5 and 10489.94, Insurance Code.

History

1. New section filed 11-19-2002; operative 1-1-2003 (Register 2002, No. 47).