Section 760IAC1-9-1. Authority to promulgate rule; purpose of rule

   AUTHORITY AND PURPOSE. This regulation [760 IAC 1-9] is issued pursuant to the authority set forth in the Acts 1935, Chapter 162, Section 14 [IC 27-1-3-7] (Burns' Indiana Statutes, Section 39-3911 [IC 27-1-3-7]). This regulation concerns the valuation of all individual accident and health insurance policies to place a sound value on the policy liabilities for the purpose of safeguarding the interests of policyholders, creditors, and shareholders. The valuation of individual accident and health policies set forth herein is on the bases recommended by the National Association of Insurance Commissioners (see: N.A.I.C. 1957 Proceedings-Volume I, page 77). (Department of Insurance; Rule 9,I; filed Feb 3, 1964, 9:40 am: Rules and Regs. 1965, p. 102; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA)