N.M. Admin. Code § 13.9.19.6
Current through Register Vol. 35, No. 24, December 23, 2024
The purpose of this regulation is to establish for preneed insurance minimum mortality standards for reserves and nonforfeiture values, and to require the use of the 1980 commissioners standard ordinary (CSO) life valuation mortality table for use in determining the minimum standard of valuation of reserves and the minimum standard nonforfeiture values for preneed insurance. This rule is based on the national association of insurance commissioners' "preneed life insurance minimum standards for determining reserve liabilities and nonforfeiture values model regulation" (model 817) adopted in March, 2008.
N.M. Admin. Code § 13.9.19.6