New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 42 - Term Life Issuance And Renewal Restrictions; Nonforfeiture Values For Certain Life Insurance Policies
Subpart 42-2 - Term Life Issuance And Renewal Restrictions; Nonforfeiture Values For Certain Life Policies Issued On Or After January 1, 2008
Section 42-2.13 - Death proceeds not available in a lump sum

Universal Citation: 11 NY Comp Codes Rules and Regs § 42-2.13

Current through Register Vol. 46, No. 39, September 25, 2024

For determining the adjusted premiums in section 4221 (k) of the Insurance Law, the present value of benefits payable only in installments shall be calculated using the applicable nonforfeiture interest rate and mortality table in section 4221 (k) of the Insurance Law.

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