45-04-07.3-04. Minimum valuation method standards.

1. The method used in determining the standard for the minimum valuation of reserves of pre-need life insurance shall be the method defined in North Dakota Century Code section 26.1-35-02.

2. The method used in determining the standard for the minimum nonforfeiture values for pre-need life insurance shall be the method 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