N.M. Code R. § 13.9.13.14 – Calculation of Minimum Valuation Standards

A. Calculation of the minimum valuation standard for policies with guaranteed nonlevel gross premiums or guaranteed nonlevel benefits (other than universal life policies), or both, shall be in accordance with the provisions of 13 nmac 9.13.15 through 9.13.22 [now 13.9.13.15 through 13.9.13.22 NMAC].
B. Calculation of the minimum valuation standard for flexible premium and fixed premium universal life insurance policies that contain provisions resulting in the ability of a policyholder to keep a policy in force over a secondary guarantee period shall be in accordance with the provisions of 13 nmac 9.13.23 [now 13.9.13.23 NMAC].
[1/1/00; Recompiled 11/30/01]