SECTION 365:10-17-1. Purpose

Latest version.

(a)   The purpose of this Subchapter 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 regulation will constitute the Insurance Commissioner's Reserve Valuation Method for policies to which this regulation is applicable.

[Source: Added at 17 Ok Reg 726, eff 1-3-00 (emergency); Added at 17 Ok Reg 1659, eff 7-14-00]

                    
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