(1) The purpose of this regulation, WAC 284-74-300 through 284-74-380 is to provide:
- (a) Tables of select mortality factors and rules for their use;
- (b) Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and
- (c) Rules concerning a minimum standard for the valuation of plans with secondary guarantees.
- (2) The method for calculating reserves defined in this regulation will constitute the commissioner's reserve valuation method for policies to which this regulation is applicable.
[Statutory Authority: RCW 48.02.060, 48.74.030, 48.74.040, 48.74.070, and 48.74.080. WSR 00-07-069, § 284-74-300, filed 3/13/00, effective 4/13/00.]