14 Va. Admin. Code § 5-323-50 – Minimum valuation method standards. | Midpage

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Virginia Administrative Code

§ 50

14 Va. Admin. Code § 5-323-50

Minimum valuation method standards.

Effective Jan 1, 2015Virginia Register Volume 31, Issue 9§§ 12.1-13 and 38.2-223 of the Code of Virginia.State Corporation Commission, Bureau of Insurance

A. The method used in determining the standard for the minimum valuation of reserves of preneed insurance shall be the method defined in §§ 38.2-1368 and 38.2-1369 of the Code of Virginia.
B. The method used in determining the standard for the minimum nonforfeiture values for preneed insurance shall be the method defined in § 38.2-3209 of the Code of Virginia.

Statutory Authority

§§ 12.1-13 and 38.2-223 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 25, Issue 8, eff. January 1, 2009; amended, Virginia Register Volume 31, Issue 9, eff. January 1, 2015.