Delaware Administrative Code
Title 18 - Insurance
1700 - Credit Life and Credit Health Insurance
1701 - Credit Life and Credit Health Insurance [Formerly Regulation 5]
Section 1701-6.0 - Reserves
Universal Citation: 18 DE Admin Code 1701-6.0
Current through Register Vol. 28, No. 3, September 1, 2024
6.1 In order to determine that sufficient reserves are available to guarantee performance of all policy obligations, the minimum reserve standards shall be as follows:
6.1.1 The aggregate reserves on credit life insurance shall not be less than the 1958 Commissioner's Extended Mortality Table.
6.1.2 The reserve for credit health insurance should not be less than the gross unearned premium calculated upon a pro rata basis or a proper morbidity table, whichever is applicable.
Section 6.1.1 was amended by an order effective January 1, 1986, by substituting the words "the 1958 Commissioner's Extended Mortality Table" for the words "a reserve computed in accordance with the Commissioner's 1941 Standard Ordinary Mortality Table."
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