- (1) The purpose of this rule is to establish the interest rate an insurer may charge on premiums due under a life insurance or annuity contract during a grace period or upon subsequent reinstatement of the contract.
- (2) This rule applies to an insurer offering a life insurance policy or annuity contract.
KEY: insurance companies
Date of Last Change: November 8, 2021
Notice of Continuation: April 1, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-22-402; 31A-22-407