- Introduced -

SB 808 - This act governs the required amounts of reserves that an insurance company must maintain to ensure that it has the resources to pay future life insurance claims. This act provides tables of select mortality factors for use in valuing life insurance reserves. The act also sets forth methodology for valuing reserves on policies with nonlevel premiums or benefits or with secondary guarantees. This act provides tables of select mortality factors and rules for their use; rules concerning the minimum standard for the valuation of plans with nonlevel premiums or benefits; and rules concerning the minimum standard for the valuation of plans with secondary guarantees.

STEPHEN WITTE