Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 25 - LIFE AND ANNUITIES
Part 8 - Valuation of Life Insurance Policies (230-RICR-20-25-8)
Section 230-RICR-20-25-8.1 - Purpose

Universal Citation: 230 RI Code of Rules 20 25 8.1

Current through September 18, 2024

A. The purpose of this Part is to provide:

1. Tables of select mortality factors and rules for their use;

2. Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and

3. Rules concerning a minimum standard for the valuation of plans with secondary guarantees.

B. The method for calculating basic reserves defined in this Part will constitute the Commissioners' Reserve Valuation Method for policies to which this Part is applicable.

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