Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-29 - Accident and Health Policies Providing Return of Premium or Withdrawal Benefits
Section 0780-01-29-.07 - RESERVES FOR RETURN OF PREMIUM BENEFIT
Universal Citation: TN Comp Rules and Regs 0780-01-29-.07
Current through September 24, 2024
A statement describing the method of determining reserves including all of the actuarial assumptions involved must be filed with the policy or rider. Minimum reserves are those according to the one year preliminary term method and the mortality tables and rate of interest prescribed for reserves under regular accident and health benefits. No assumed lapse rate may be used in computing minimum reserves.
Authority: T.C.A. §§ 56-1-701 and 56-26-114.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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