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 45-04-07.3-04 - Minimum valuation method standards
Universal Citation: ND Admin Code ยง 45-04-07.3-04
Current through Supplement No. 394, October, 2024
1. The method used in determining the standard for the minimum valuation of reserves of pre-need life insurance shall be the method defined in North Dakota Century Code section 26.1-35-02.
2. The method used in determining the standard for the minimum nonforfeiture values for pre-need life insurance shall be the method 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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