Utah Admin. Code R590-198 – Valuation of Life Insurance Policies | Midpage

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Utah Administrative Code

Rule 198

Utah Admin. Code R590-198

Valuation of Life Insurance Policies

Effective Dec 8, 2022Insurance

1Authority 2Purpose and Scope 3Definitions 4General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves 5Calculation of Minimum Valuation Standard for Policies with Guaranteed Nonlevel Gross Premiums or Guaranteed Nonlevel Benefits Other than Universal Life Policies 6Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period 7Severability