Purpose
Effective Sep 1, 2022Authorizing statute(s): 33-1-313, 33-2-418, MCA; Implementing statute(s): 33-2-407, 33-2-408, 33-2-409, 33-2-410, 33-2-411, 33-2-412, 33-2-413, 33-3-414, 33-2-415, 33-2-416, 33-2-417, MCAState of Montana
(1) The purpose of ARM 6.6.6701 through 6.6.6713 is to provide:
- (a) tables of select mortality factors and rules for their use;
- (b) rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and
- (c) rules concerning a minimum standard for the valuation of plans with secondary guarantees.
- (2) The method for calculating basic reserves defined in ARM 6.6.6701 through 6.6.6713 will constitute the commissioners' reserve valuation method for policies to which they are applicable.
Authorizing statute(s): 33-1-313, 33-2-418, MCA
Implementing statute(s): 33-2-407, 33-2-408, 33-2-409, 33-2-410, 33-2-411, 33-2-412, 33-2-413, 33-3-414, 33-2-415, 33-2-416, 33-2-417, MCA
History: NEW, 1999 MAR p. 2839, Eff. 1/1/00; AMD, 2018 MAR p. 826, Eff. 4/28/18; AMD, 2022 MAR p. 1691, Eff. 9/1/22.