|Notice Filed with SOS
||10-1-109 and 10-7-313.7, C.R.S
|Description of Subjects/Issues
||4-1-9 : Valuation of Life Insurance Policies Model Regulation
|Purpose/Objective of Rule
||A. The purpose of this regulation is to clarify the provisions of the Standard Nonforfeiture and Valuation Act (Part 3, Article 7 of Title 10, C.R.S.) by providing:
1. Tables of select mortality factors and rules for their use;
2. Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and
3. Rules concerning a minimum standard for the valuation of plans with secondary guarantees.
B. The method for calculating basic reserves defined in this regulation will constitute the Commissioners? Reserve Valuation Method for policies to which this regulation is applicable.
|Submitted in response to issues raised by COLS/OLLS?
|Is this rule adopted in response to recent legislation?
||1560 Broadway, Ste 850, Denver, CO,80202