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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 40. Minimum valuation interest rate standards
Latest version.
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A. The interest rates used in determining the minimum standard for valuation of preneed insurance shall be the calendar year statutory valuation interest rates as defined in § 38.2-1371 of the Code of Virginia.
B. The interest rates used in determining the minimum standard for nonforfeiture values for preneed insurance shall be the calendar year statutory nonforfeiture interest rates as defined in § 38.2-3209 of the Code of Virginia.
Historical Notes
Derived from Volume 25, Issue 08, eff. January 1, 2009; amended, Virginia Register Volume 31, Issue 09, eff. January 1, 2015.