Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 85 - VARIABLE ANNUITY AND VARIABLE ACCUMULATION ANNUITY CONTRACTS
FILING OF CONTRACTS, APPLICATION AND CONTRACT REQUIREMENTS
Section 85.37 - Computing dollar amounts of benefits
Universal Citation: 31 PA Code ยง 85.37
Current through Register Vol. 54, No. 44, November 2, 2024
In computing the dollar amounts of variable benefits or other contractual payments or values under an individual variable annuity contract the following requirements shall apply:
(1) The annual net investment increment assumption shall not exceed 6%, except with the approval of the Department.
(2) To the extent that the level of benefits may be affected by mortality results, the mortality factor shall be determined from the Annuity Mortality Table for 1949, Ultimate, or any modification of that table not having a higher mortality rate at any age, or, if approved by the Department, from another table.
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