Chapter 84c. Valuation of Life Insurance Policies, PART IV. Life Insurance, Title 31. INSURANCE, Pennsylvania Code

Pennsylvania Code (Last Updated: April 5, 2016)

Title 31. INSURANCE

PART IV. Life Insurance

Chapter 84c. Valuation of Life Insurance Policies

Section 84c.1. Purpose

Section 84c.2. Applicability

Section 84c.3. Definitions

Section 84c.4. Segmented and unitary reserve methods

Section 84c.5. General requirements for basic reserves and premium deficiency reserves

Section 84c.6. Minimum valuation standard for policies with guaranteed nonlevel gross premiums or guaranteed nonlevel benefits (other than universal life policies)

Section 84c.7. Minimum valuation standard for universal life insurance policies that contain provisions resulting in the ability of a policyowner to keep a policy in force over a secondary guarantee period

Appendix A.

Notation

Authority

The provisions of this Chapter 84c issued under sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P. S. § § 66, 184, 411 and 412); and section 301(c)(1) and (3) of The Insurance Department Act of 1921 (40 P. S. § 71(c)(1) and (2)), unless otherwise noted.

Source

The provisions of this Chapter 84c adopted May 5, 2000, effective May 6, 2000, 30 Pa.B. 2228, unless otherwise noted.

Cross References

This chapter cited in 31 Pa. Code § 73.138 (relating to financial statement reserves); 31 Pa. Code § 84d.3 (relating to CSO Mortality Table); and 31 Pa. Code § 84d.4 (relating to applicability of the 2001 CSO Mortality Table to Chapter 84c (relating to valuation of life insurance policies)).