W. Va. Code R. § 114-86-1

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

Section 114-86-1 - General

1.1. Scope. -- This rule establishes minimum mortality standards to be used in determining reserve and nonforfeiture values for insurance policies used to fund preneed funeral contracts. 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.

1.2. Authority. -- W. Va. Code § 33-2-10.

1.3. Filing Date. -- May 14, 2009.

1.4. Effective Date. -- May 14, 2009.

W. Va. Code R. § 114-86-1