AUTHORITY: Implementing Section 223 and authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5/223 and 401].DEPARTMENT OF INSURANCE
a) The purpose of this Part is to provide:
1) Tables of select mortality factors and procedures for their use;
2) Minimum standards for the valuation of plans with nonlevel premiums or benefits;
3) Minimum standards for the valuation of plans with secondary guarantees.
b) The method for calculating basic reserves defined in this Part will constitute the Commissioner's Reserve Valuation Method for policies to which this Part is applicable.