Michigan Administrative Code
Department - Insurance and Financial Services
Insurance
Life Insurance Contracts On Variable Basis
Section R. 500.855 - Separate accounts; assets
Universal Citation: MI Admin Code R. 500.855
Current through Vol. 24-04, March 15, 2024
Rule 15. The insurer shall maintain, in each variable life insurance separate account, assets with a fair market value at least equal to the greater of the valuation reserves for the variable portion of the variable life insurance policies or the benefit base for such policies.
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