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Indiana Administrative Code (Last Updated: December 20, 2016) |
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Title 760. DEPARTMENT OF INSURANCE |
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Article 760IAC1. GENERAL PROVISIONS |
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Rule 760IAC1-76. Preneed Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values |
Section 760IAC1-76-3. Minimum valuation interest rate standards
Latest version.
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(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shall be the calendar year statutory valuation interest rates as set forth in IC 27-1-12-10 [IC 27-1-12-10 was repealed by P.L.276-2013, SECTION 5, effective July 1, 2013.].
(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 set forth in IC 27-1-12-7. (Department of Insurance; 760 IAC 1-76-3; filed Jan 27, 2009, 9:49 a.m.: 20090225-IR-760080613FRA; readopted filed Nov 20, 2015, 9:25 a.m.: 20151216-IR-760150341RFA)