Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 830 - VALUATION OF LIFE INSURANCE POLICIES
Section 031-830-2 - Purpose
Universal Citation: 02 ME Code Rules ยง 031-830-2
Current through 2024-13, March 27, 2024
A. The purpose of this rule 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 rule will constitute the Commissioners' Reserve Valuation Method for policies to which this rule is applicable.
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