Section 410:7 – Computation of Minimum Standard by Calendar Year of Issue.
410:7 Computation of Minimum Standard by Calendar Year of Issue. – I. The interest rates used in determining the minimum standard for the valuation of the following shall be the calendar year statutory valuation interest rates as defined in this section: (a) Life insurance policies issued in a particular calendar year, on or after […]
Section 410:8 – Reserve Valuation Method; Life Insurance and Endowment Benefits.
410:8 Reserve Valuation Method; Life Insurance and Endowment Benefits. – I. Except as otherwise provided in RSA 410:9 and 410:12, reserves according to the commissioner’s reserve valuation method, for the life insurance and endowment benefits of policies providing for a uniform amount of insurance and requiring the payment of uniform premiums shall be the […]
Section 410:9 – Reserve Valuation Method; Annuity and Pure Endowment Benefits.
410:9 Reserve Valuation Method; Annuity and Pure Endowment Benefits. – I. This section shall apply to all annuity and pure endowment contracts other than group annuity and pure endowment contracts purchased under a retirement plan or plan of deferred compensation, established or maintained by an employer (including a partnership or sole proprietorship) or by […]
Section 410:10 – Minimum Reserves.
410:10 Minimum Reserves. – I. In no event shall a company’s aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after the effective date of this chapter, be less than the aggregate reserves calculated in accordance with the methods set forth in RSA 410:8, RSA 410:9, RSA […]
Section 410:11 – Optional Reserve Calculation.
410:11 Optional Reserve Calculation. – I. Reserves for policies and contracts issued prior to the effective date of this chapter may be calculated, at the option of the company, according to any standards that produce greater aggregate reserves for all such policies and contracts than the minimum reserves required by the laws in effect […]
Section 410:12 – Reserve Calculation; Valuation Net Premium Exceeding the Gross Premium Charged.
410:12 Reserve Calculation; Valuation Net Premium Exceeding the Gross Premium Charged. – I. If in any contract year the gross premium charged by a company on any policy or contract is less than the valuation net premium for the policy or contract calculated by the method used in calculating the reserve but using the […]
Section 410:2 – Definitions.
410:2 Definitions. – In this chapter: I. " Accident and health insurance " means contracts that incorporate morbidity risk and provide protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual. II. " Appointed actuary " means a qualified actuary who is appointed in […]
Section 410:1 – Short Title.
410:1 Short Title. – This chapter shall be known as the Standard Valuation Law. Source. 2013, 221:1, eff. Jan. 1, 2014.