Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 131 - Regulation Number 96- Prescribed Minimum Statutory Reserve Liability and Nonforfeiture Standard for Preneed Life Insurance
Section XIII-13111 - Minimum Valuation Interest Rate Standards

Universal Citation: LA Admin Code XIII-13111

Current through Register Vol. 50, No. 9, September 20, 2024

A. The minimum statutory valuation interest rate standard used in the valuation of preneed life insurance shall be the calendar year statutory valuation interest rates as defined in Title 22, the Louisiana Insurance Code, R.S. 22:163.B.(1).

B. The minimum statutory interest rate standard used in the determination of nonforfeiture values for preneed life insurance shall be the calendar year statutory nonforfeiture interest rates as defined in Title 22, the Louisiana Insurance Code, R.S. 22:168.G.(9).

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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