Chapter 830 - VALUATION OF LIFE INSURANCE POLICIES

  1. § 031-830-1 - Authority
  2. § 031-830-2 - Purpose
  3. § 031-830-3 - Scope
  4. § 031-830-4 - Definitions
  5. § 031-830-5 - General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves
  6. § 031-830-6 - Calculation of Minimum Valuation Standard for Policies with Guaranteed Nonlevel Gross Premiums or Guaranteed Nonlevel Benefits (Other than Universal Life Policies)
  7. § 031-830-7 - Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period
  8. § 031-830-8 - Effective Date
  9. Appendix - SELECT MORTALITY FACTORS

Current through 2021-51, December 22, 2021

(Including the Introduction and Use of New Select Mortality Factors)

Notes

EFFECTIVE DATE: This original version of this chapter stated: "This rule shall become effective on January 1 of the calendar year immediately following the adoption of substantially similar requirements by states with an aggregate population of at least 51% of the total population of the United States of America, according to the most recent General Federal Census." Title 5 M.R.S.A.§8052(6), as last amended by 1993 Public law of Maine Chapter 362, § 3, provides, in pertinent part, "When the effective date of a rule is contingent upon the occurrence or nonoccurrence of an event, notification of the occurrence or nonoccurrence must be filed with the Secretary of State when known." This chapter was signed (adopted) by the Superintendent of Insurance on January 6, 1997, and accepted for filing by the Secretary of State on January 6, 1997.
REPEALED AND REPLACED:
January 1, 2000. (Note: this filing was signed by the Superintendent of Insurance on November 9, 1999, and accepted for filing by the Secretary of State on November 30, 1999. The Basis Statement for this filing says, in part: "The original rule provided that it would take effect when states representing at least 51% of the U.S. population had adopted similar requirements. To date, this has not occurred.")
AMENDED:
August 8, 2016 - filing 2016-133

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