West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-69A - Recognition Of Preferred Mortality Tables For Use In Determining Minimum Reserve Liabilities
Section 114-69A-1 - General

Universal Citation: 114 WV Code of State Rules 114-69A-1

Current through Register Vol. XLI, No. 38, September 20, 2024

1.1. Scope. -- The purpose of this rule is to recognize, permit and prescribe the use of mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with W. Va. Code §§ 33-7-9(d)(1)(C) (iii) and 33-13-30(4c)(h)(vii) and subsections 4.1 and 4.2 of W. Va. 114 CSR 68. This rule is based upon the National Association of Insurance Commissioners' "Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities Model Regulation," (Model 815) as amended in 2009.

1.2. Authority. -- This rule is promulgated pursuant to the authority of W. Va. Code §§ 33-2-10 and 33-7-9(d)(1)(C) (iii).

1.3. Filing Date. -- May 10, 2011.

1.4. Effective Date. -- July 1, 2011.

Disclaimer: These regulations may not be the most recent version. West Virginia 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.