Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 11 - INSURANCEChapter III - Policy and Certificate ProvisionsSubchapter A - Life, Accident and Health InsurancePart 42 - Term Life Issuance And Renewal Restrictions; Nonforfeiture Values For Certain Life Insurance Policies
Subpart 42-2 - Term Life Issuance And Renewal Restrictions; Nonforfeiture Values For Certain Life Policies Issued On Or After January 1, 2008
Section 42-2.13 - Death proceeds not available in a lump sum

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 42-2.13

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Current through Register Vol. 46, No. 51, December 18, 2024
Section 42-2.13 - Death proceeds not available in a lump sum

For determining the adjusted premiums in section 4221 (k) of the Insurance Law, the present value of benefits payable only in installments shall be calculated using the applicable nonforfeiture interest rate and mortality table in section 4221 (k) of the Insurance Law.

N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 42-2.13