Delaware Administrative Code
Title 18 - Insurance
1200 - Life Insurance and Annuities
1202 - Life Insurance Policy Loans, Maximum Rate of Interest [Formerly Regulation 19]
Section 1202-3.0 - Compliance
Universal Citation: 18 DE Admin Code 1202-3.0
Current through Register Vol. 28, No. 3, September 1, 2024
3.1 Consistent with the foregoing discussion, actuarial assumptions and rate making methods shall be outlined in detail. The following guidelines shall be followed by an insurer when filing policy forms providing for a maximum policy loan interest rate in excess of 6%:
3.1.1 The minimum standard for the valuation of all policies and contracts shall be a change in the reserve value interest assumption of not less than one-half of 1%, and a comparison indicating a benefit for the insured/owner using the NAIC surrender cost index, or any other comparison such as the traditional net cost approach.
Disclaimer: These regulations may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
