W. Va. Code R. § 114-69A-1

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-69A-1 - General

1.1. Scope. -- The purpose of this rule 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 W. Va. Code §§ 33-7-9(d)(1)(C) (iii) and 33-13-30(4c)(h)(vii) and subsections 4.1 and 4.2 of W. Va. 114 CSR 68. This rule is based upon the National Association of Insurance Commissioners' "Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities Model Regulation," (Model 815) as amended in 2009.

1.2. Authority. -- This rule is promulgated pursuant to the authority of W. Va. Code §§ 33-2-10 and 33-7-9(d)(1)(C) (iii).

1.3. Filing Date. -- May 10, 2011.

1.4. Effective Date. -- July 1, 2011.

W. Va. Code R. § 114-69A-1