(a) The purpose of this rule is to provide:
- (1) Tables of select mortality factors and rules for their use;
- (2) Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and
- (3) Rules concerning a minimum standard for the valuation of plans with secondary guarantees.
- (b) The method for calculating basic reserves defined in this rule will constitute the commissioner’s reserve valuation method for policies to which this rule is applicable.
Source. #7419, eff 7-1-01; ss by #9516, eff 7-25-09; ss by #12219, eff 7-25-17