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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 50. Minimum valuation method standards
Latest version.
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A. The method used in determining the standard for the minimum valuation of reserves of preneed insurance shall be the method defined in §§ 38.2-1368 and 38.2-1369 of the Code of Virginia.
B. The method used in determining the standard for the minimum nonforfeiture values for preneed insurance shall be the method 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.