Utah Admin. Code R590-94-2 - Purpose and Scope
(1) The purpose of
this rule is to permit the use of mortality tables that reflect differences in
mortality between smokers and nonsmokers in determining minimum reserve
liabilities and minimum cash surrender values and amounts of paid-up
nonforfeiture benefits for life insurance policy forms with separate premium
rates for smokers and nonsmokers.
(2) This rule applies to an insurer offering
a life insurance policy.
Notes
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