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Public Act Number: 236
Public Act Year: 2004
Document Type(s): MCLs
(3 results found)
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Document Type Description
Section 500.834 Section Valuation of life insurance policies and contracts issued on and after operative date of standard nonforfeiture law; minimum standard; reserves; definitions.
Section 500.838 Section Definitions; use of NAIC accounting practices and procedures manual; mortality table; separate rates for smokers and nonsmokers; determining minimum reserve liabilities, minimum cash surrender values, and amounts of paid-up nonforfeiture benefits; actuarial opinion; application of accounting practices and procedural manual; rates and charges based on gender; blended tables; basis as sex-distinct and sex-neutral.
Section 500.4060 Section Standard nonforfeiture law for life insurance.