§ 4030.6. Minimum present value at commencement of benefits
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 4030.6
§ 4030.6. Minimum present value at commencement of benefits
Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
Credits
Laws 2000, c. 353, § 20, eff. Nov. 1, 2000.
36 Okl. St. Ann. § 4030.6, OK ST T. 36 § 4030.6
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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