45-04-07.3-03. Minimum valuation interest rate standards.

1. The interest rates used in determining the minimum standard for valuation of pre-need life insurance shall be the calendar year statutory valuation interest rates as defined in North Dakota Century Code section 26.1-35-04.

2. The interest rates used in determining the minimum standard for nonforfeiture values for pre-need life insurance shall be the calendar year statutory nonforfeiture interest rates as defined in North Dakota Century Code section 26.1-33-27.

History: Effective January 1, 2009.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 26.1-35-02