Statutes, codes, and regulations
Maine Administrative Code
Department 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATIONDivision 031 - BUREAU OF INSURANCEChapter 340 - MORTALITY TABLES FOR DETERMINING MINIMUM RESERVES AND NONFORFEITURE BENEFITS
Article IX - Preneed Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values
Section 031-340-IX-5 - Minimum Valuation Interest Rate Standards

02-031-340 Me. Code R. § IX-5

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Current through 2024-46, November 13, 2024
Section 031-340-IX-5 - Minimum Valuation Interest Rate Standards
A. The interest rates used in determining the minimum standard for valuation of preneed insurance shall be the calendar year statutory valuation interest rates as defined in 24-A M.R.S.A. §953-A.
B. The interest rates used in determining the minimum standard for nonforfeiture values for preneed insurance shall be the calendar year statutory nonforfeiture interest rates as defined in 24-A M.R.S.A. §2532-A.

02-031 C.M.R. ch. 340, § IX-5