Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 82 - VARIABLE LIFE INSURANCE
SEPARATE ACCOUNTS
Section 82.44 - Investments by the separate account
Universal Citation: 31 PA Code ยง 82.44
Current through Register Vol. 54, No. 44, November 2, 2024
(a) Sales, exchanges or other transfers of assets may be made by an insurer between its separate accounts or between another investment account and one or more of its separate accounts if the transfer into or from a separate account is made by one of the following methods:
(1) A
transfer of cash.
(2) A transfer of
assets having a valuation which could be readily determined in the
marketplace.
(3) Other transfers
the Commissioner may approve.
(b) The separate account shall have sufficient net investment income and readily marketable assets to meet anticipated withdrawals under policies funded by the account.
This section cited in 31 Pa. Code § 82.41 (relating to applicability); and 31 Pa. Code § 82.45 (relating to limitations on ownership).
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