Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 171 - MISCELLANEOUS INSURANCE RULES
Subchapter 9 - VALUATION OF LIFE INSURANCE POLICIES
Section 16-171-901 - Purpose
Universal Citation: HI Admin Rules 16-171-901
Current through August, 2024
(a) The purpose of this subchapter is to provide:
(1) Tables of select mortality
factors and rules for their use;
(2) Rules concerning a minimum standard for
the valuation of plans with nonlevel premiums or benefits; and
(3) Rules concerning a minimum standard for
the valuation of plans with secondary guarantees.
(b) The method for calculating basic reserves defined in this subchapter will constitute the commissioner's reserve valuation method for policies to which this subchapter is applicable.
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