1. (1) An insurer filing a life insurance form shall comply with:

   1. (a) Title 31A, Chapter 21, Insurance Contracts in General;
   2. (b) Title 31A, Chapter 22, Part 4, Life Insurance and Annuities;
   3. (c) Rule R590-79;
   4. (d) Rule R590-93;
   5. (e) Rule R590-94;
   6. (f) Rule R590-95;
   7. (g) Rule R590-98;

   8. (h) Rule R590-108;

      1. (i) Rule R590-122;
   9. (j) Rule R590-177;

   10. (k) Rule R590-191;

       1. (l) Rule R590-198; and
   11. (m) Rule R590-223.

2. (2) A life insurance policy, rider, or endorsement filing shall include an actuarial memorandum that demonstrates compliance with Section 31A-22-408 for:

   1. (a) an individual life insurance policy; or
   2. (b) a group life insurance policy that is marketed individually.

3. (3) The actuarial memorandum shall include:

   1. (a) a detailed description of the coverage;
   2. (b) a demonstration of compliance with nonforfeiture law;
   3. (c) the specific basis for exemption from nonforfeiture law; and
   4. (d) a certification of compliance with applicable nonforfeiture and valuation laws by a qualified actuary.

KEY: life insurance filings

Date of Last Change: April 21, 2023

Notice of Continuation: March 7, 2024

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-2-201.1; 31A-2-202