This chapter implements section 301(c)(1) and (3) of the act (40 P. S. § 71(c)(1) and (3)) by adopting select mortality factors for use in determining minimum standards of valuation and by interpreting the minimum reserve standard for the valuation of life insurance plans with nonlevel premiums or benefits and plans with secondary guarantees. The method for calculating basic reserves defined in this chapter will constitute the Commissioner's Reserve Valuation Method for policies to which this chapter is applicable.
31 Pa. Code § 84c.1