(a) In no event shall an insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after June 17, 1981, be less than the aggregate reserves calculated in accordance with the methods set forth in §§ 23-84-106, 23-84-107, 23-84-110, and 23-84-111, and the mortality tables and rates of interest used in calculating nonforfeiture benefits for the policies.
(b) In no event shall the aggregate reserves for all policies, contracts, and benefits be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by § 23-84-112.
Section: Previous 23-84-102 23-84-103 23-84-104 23-84-105 23-84-106 23-84-107 23-84-108 23-84-109 23-84-110 23-84-111 23-84-112 23-84-113 23-84-114 23-84-115 NextLast modified: November 15, 2016