Section 70:2. EXHIBIT 2. SAMPLE FORMULA FOR DETERMINING RESERVE INTEREST RATE ADJUSTMENT

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EXHIBIT 2. SAMPLE FORMULA FOR DETERMINING RESERVE INTEREST RATE ADJUSTMENT

(Terms and data are as defined in the NAIC Annual Statement blank)

Rate =

2 (I + CG)

X + Y - I - CG

Where: I is the net investment income

CG is realized and unrealized capital gains less realized and unrealized capital losses

X is the current year cash and invested assets plus investment income due and accrued less borrowed money

Y is the same as X but for the prior year

                    
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	Rate =	2 (I + CG)
	Rate =	X + Y - I - CG