Illinois Administrative Code
Title 50 - INSURANCE
Part 1409 - VALUATION OF LIFE INSURANCE POLICIES INCLUDING THE USE OF SELECT MORTALITY FACTORS
Section 1409.10 - Purpose
Universal Citation: 50 IL Admin Code ยง 1409.10
Current through Register Vol. 48, No. 12, March 22, 2024
a) The purpose of this Part is to provide:
1) Tables of select
mortality factors and procedures for their use;
2) Minimum standards for the valuation of
plans with nonlevel premiums or benefits;
3) Minimum standards for the valuation of
plans with secondary guarantees.
b) The method for calculating basic reserves defined in this Part will constitute the Commissioner's Reserve Valuation Method for policies to which this Part is applicable.
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