Ala. Admin. Code r. 482-1-139-.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-139-.02 - Purpose And Scope

The purpose of this chapter is to recognize, permit and prescribe the use of mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with Section 27-36A-5(b)(1)(c) (Computation of Minimum Standard) and paragraphs (1) and (2) of Rule 482-1-120-.05 (the Valuation of Life Insurance Policies Regulation).

Ala. Admin. Code r. 482-1-139-.02

New Rule: Filed December 20, 2006; effective January 1, 2007. Filed with LRS December 20, 2006. Rule is not subject to the Alabama Administrative Procedure Act.

Amended by Alabama Administrative Monthly Volume XLII, Issue No. 09, June 28, 2024, eff. 7/1/2024.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17 and 27-36A-1 to 27-36A-20.