- (1) The purpose of this rule is to permit the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for life insurance policy forms with separate premium rates for smokers and nonsmokers.
- (2) This rule applies to an insurer offering a life insurance policy.
KEY: insurance law
Date of Last Change: September 22, 2021
Notice of Continuation: March 13, 2023
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-22-408