Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 109 - Regulation Number 85-Valuation of Life Insurance Policies
Section XIII-10901 - Purpose
Universal Citation: LA Admin Code XIII-10901
Current through Register Vol. 50, No. 9, September 20, 2024
A. The purpose of this regulation 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 regulation will constitute the commissioners' reserve valuation method for policies to which this regulation is applicable.
AUTHORITY NOTE: Promulgated in accordance with R.S.22:3, 22:163, 22:168 and the Administrative Procedure Act, R.S. 49:950 et seq.
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