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Rule Title: PURPOSE
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Department: STATE AUDITOR
Chapter: INSURANCE DEPARTMENT
Subchapter: Valuation of Life Insurance Policies
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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6.6.6701    PURPOSE

(1) The purpose of these rules is to provide:

(a) tables of select mortality factors and rules for their use;

(b) rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and

(c) rules concerning a minimum standard for the valuation of plans with secondary guarantees.

(2) The method for calculating basic reserves defined in these rules will constitute the commissioners' reserve valuation method for policies to which these rules are applicable.

 

History: 33-1-313, 33-2-418, MCA; IMP, 33-2-407, 33-2-408, 33-2-409, 33-2-410, 33-2-411, 33-2-412, 33-2-413, 33-3-414, 33-2-415, 33-2-416, 33-2-417, MCA; NEW, 1999 MAR p. 2839, Eff. 1/1/00; AMD, 2018 MAR p. 826, Eff. 4/28/18.


 

 
MAR Notices Effective From Effective To History Notes
6-241 4/28/2018 Current History: 33-1-313, 33-2-418, MCA; IMP, 33-2-407, 33-2-408, 33-2-409, 33-2-410, 33-2-411, 33-2-412, 33-2-413, 33-3-414, 33-2-415, 33-2-416, 33-2-417, MCA; NEW, 1999 MAR p. 2839, Eff. 1/1/00; AMD, 2018 MAR p. 826, Eff. 4/28/18.
1/1/2000 4/28/2018 History: Sec. 33-1-313, MCA; IMP, Sec. 33-2-521, 33-2-522, 33-2-523, 33-2-524, 33-2-525, 33-2-526, 33-2-527, 33-2-528, 33-2-529, 33-2-531, and 33-2-537, MCA; NEW, 1999 MAR p. 2839, Eff. 1/1/00.
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