§ 401. When interests are valued under this article. The following interests shall be valued in the manner provided by this article: (a) an interest in real property dependent as to value upon the duration of one or more lives in being, whether such interest is present or future; and (b) a future interest preceded […]
§ 402. Interest rate. In all valuations made under this article, the interest rate of four per centum, compounded annually, shall be employed for all purposes.
§ 403. Mortality and other tables. In all valuations made under this article where such valuation depends upon the continuance of, or upon the termination of a life or lives in being, the table of mortality prescribed by section four thousand two hundred seventeen of the insurance law for new, ordinary life policies shall be […]
§ 404. Evidence as to ancestry, health and habits of individual In all valuations made under this article, no significance shall be given to the ancestry, health or habits of the person whose life is involved. Each valuation shall be based exclusively on the actuarial data.
§ 405. Interest defeasible by remarriage. Whenever an interest is defeasible on the remarriage of a person whose life is involved, this fact of defeasibility may be taken into account in the valuation of any such interest or of any interest subject thereto, if justice requires. For this purpose, the Casualty Actuarial Society’s Table on […]
§ 406. Computation by superintendent of financial services. Any court, judge, referee or other judicial or administrative officer by whom any valuation under this article must be made is authorized to transmit to the superintendent of financial services such statement of facts as is necessary to permit the required computation, and such superintendent shall thereupon […]
