Statutes, codes, and regulations
Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-143 - PRENEED INSURANCE MINIMUM STANDARDS FOR DETERMINING RESERVE LIABILITIES AND NONFORFEITURE VALUES
Section 482-1-143-.06 - Minimum Valuation Interest Rate Standards

Ala. Admin. Code r. 482-1-143-.06

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Current through Register Vol. 43, No. 02, November 27, 2024
Section 482-1-143-.06 - Minimum Valuation Interest Rate Standards
(1) The interest rates used in determining the minimum standard for valuation of preneed insurance shall be the calendar year statutory valuation interest rates as defined in Code of Ala. 1975, § 27-36-7.
(2) The interest rates used in determining the minimum standard for nonforfeiture values for preneed insurance shall be the calendar year statutory nonforfeiture interest rates as defined in Code of Ala. 1975, §§ 27-15-28.

Ala. Admin. Code r. 482-1-143-.06

New: Filed November 7, 2008; effective January 1, 2009. Filed with LRS November 12, 2008. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-36-7.