Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-108 - VALUATION OF LIFE INSURANCE POLICIES
Rule 120-2-108-.01 - Purpose
Universal Citation: GA Rules and Regs r 120-2-108-.01
Current through Rules and Regulations filed through September 23, 2024
(1) The purpose of this regulation 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 basic reserves defined in this regulation will constitute the Commissioners' Reserve Valuation Method for policies to which this regulation is applicable.
O.C.G.A. §§ 33-2-9, 33-10-13.
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