Utah Admin. Code R590-251-4 - Minimum Standards
(1) Mortality
Standards. The mortality standard used to determine reserve liabilities and
nonforfeiture values for both male and female insureds is the Ultimate 1980
CSO.
(2) Interest Rate Standards.
(a) The interest rates used to determine the
minimum standard for valuation are the calendar year statutory valuation
interest rates defined in Section
31A-17-506.
(b) The interest rates used to determine the
minimum standard for nonforfeiture values are the calendar year statutory
nonforfeiture interest rates defined in Section
31A-22-408.
(3) Valuation and Nonforfeiture
Method Standards.
(a) The method used to
determine the minimum standard for valuation of reserves of preneed insurance
is the method defined in Title 31A, Chapter 17, Part 5, Standard Valuation
Law.
(b) The method used to
determine the minimum nonforfeiture values for preneed insurance is the method
defined in Section 31A-22-408.
Notes
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