N.M. Admin. Code § 13.9.13.14 - CALCULATION OF MINIMUM VALUATION STANDARDS
A. Calculation of the minimum valuation
standard for policies with guaranteed nonlevel gross premiums or guaranteed
nonlevel benefits (other than universal life policies), or both, shall be in
accordance with the provisions of 13 nmac 9.13.15 through 9.13.22 [now
13.9.13.15 through
13.9.13.22 NMAC].
B. Calculation of the minimum valuation
standard for flexible premium and fixed premium universal life insurance
policies that contain provisions resulting in the ability of a policyholder to
keep a policy in force over a secondary guarantee period shall be in accordance
with the provisions of 13 nmac 9.13.23 [now
13.9.13.23 NMAC].
Notes
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