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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 14. Insurance |
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Agency 5. State Corporation Commission, Bureau of Insurance |
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Chapter 323. Preneed Life Insurance Minimum Standards for Determining Reserve Liabilitiesand Nonforfeiture Values |
Section 10. Authority
Latest version.
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This chapter is promulgated by the commission, pursuant to § 38.2-223 of the Code of Virginia and in accordance with §§ 38.2-1369, 38.2-3206 through 38.2-3209, and 38.2-4120 of the Code of Virginia and 14VAC5-319-40, to approve, recognize, permit, and prescribe the use of the 1980 Commissioners Standard Ordinary (CSO) Life Valuation Mortality Table for use in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for insurers offering preneed insurance in this Commonwealth.
Historical Notes
Derived from Volume 25, Issue 08, eff. January 1, 2009; amended, Virginia Register Volume 31, Issue 09, eff. January 1, 2015.