Section R590-94-2 - Purpose and Scope(1) The purpose of this rule is to permit the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits for life insurance policy forms with separate premium rates for smokers and nonsmokers.(2) This rule applies to an insurer offering a life insurance policy.Utah Admin. Code R590-94-2
Amended by Utah State Bulletin Number 2021-19, effective 9/22/2021