Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 340 - MORTALITY TABLES FOR DETERMINING MINIMUM RESERVES AND NONFORFEITURE BENEFITS
Article IX - Preneed Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values
Section 031-340-IX-6 - Minimum Valuation Method Standards

Universal Citation: 02 ME Code Rules § 031-340-IX-6

Current through 2024-38, September 18, 2024

A. The method used in determining the standard for the minimum valuation of reserves of preneed insurance shall be the method defined in 24-A M.R.S.A. §954.

B. The method used in determining the standard for the minimum nonforfeiture values for preneed insurance shall be the method defined in 24-A M.R.S.A. §2532-A.

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