Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 310 - VARIABLE ANNUITY RULE
Article VIII - Separate Accounts
Section 031-310-VIII-2 - Amounts in the separate account
Universal Citation: 02 ME Code Rules ยง 031-310-VIII-2
Current through 2024-38, September 18, 2024
The insurer shall maintain in each separate account assets with a market or other value comporting to standards set out in Section 2537 of the Maine Insurance Code (Title 24-A, M.R.S.A.) at least equal to the valuation reserves of the variable annuities and other contract liabilities respecting such account.
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