83-7-119 - Filing valuation method and assumptions with Department of Insurance; content.
§ 83-7-119. Filing valuation method and assumptions with Department of Insurance; content.
At the time of filing of the policy form, the valuation method and assumptions need to be filed with the Department of Insurance. The assumptions should reflect the statutory mortality and interest rate assumptions for life insurance policies and appropriate assumptions for the other provisions incorporated in the policy form.
Sources: Laws, 1991, ch. 464, § 10, eff from and after July 1, 1991.