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054.00.39-5. CONDITIONS

AR ADC 054.00.39-5Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 39. Smoker/Nonsmoker Mortality Tables for Use in Determining Minimum Reserve Liabilities and Nonforfeiture Benefits
Ark. Admin. Code 054.00.39-5
054.00.39-5. CONDITIONS
Currentness
For each plan of insurance with separate rates for smokers and nonsmokers an insurer may
(i) use composite mortality tables to determine minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits,
(ii) use smoker and nonsmoker mortality tables to determine the valuation net premiums and additional minimum reserves, if any, required by Section 66-3327 (7) and use composite mortality tables to determine the basic minimum reserves,, minimum cash surrender values and amounts of paid-up nonforfeiture benefits, or
(iii) use smoker and nonsmoker mortality tables to determine minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.39-5, AR ADC 054.00.39-5
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