North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-04 - Life Insurance
Chapter 45-04-07.3 - Pre-Need Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values
Section 45-04-07.3-03 - Minimum valuation interest rate standards
Universal Citation: ND Admin Code ยง 45-04-07.3-03
Current through Supplement No. 394, October, 2024
1. The interest rates used in determining the minimum standard for valuation of pre-need life insurance shall be the calendar year statutory valuation interest rates as defined in North Dakota Century Code section 26.1-35-04.
2. The interest rates used in determining the minimum standard for nonforfeiture values for pre-need life insurance shall be the calendar year statutory nonforfeiture interest rates as defined in North Dakota Century Code section 26.1-33-27.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-35-02
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