Assets allocated to a separate account shall be valued at their market value on the date of valuation, or if there is no readily available market, then in accordance with the terms of the agreement; provided, that the portion of the assets of the separate account at least equal to the company's reserve liability with regard to the guaranteed benefits and funds referred to in § 56-3-502, if any, shall be valued in accordance with the rules otherwise applicable to the company's assets.
Structure 2021 Tennessee Code
Chapter 3 - Operation of Insurance Companies
Part 5 - Separate Accounts and Allocations
§ 56-3-502. Investment of Amounts Allocated to Separate Accounts
§ 56-3-503. Gains and Losses Credited to or Charged Against Allocation
§ 56-3-504. Valuation of Assets Allocated to Separate Account
§ 56-3-505. Amounts Allocated to Be Company Owned
§ 56-3-506. Agreements Providing for Annuity Benefits on a Variable Basis — Statements Required
§ 56-3-508. Regulation of Agreements — Rulemaking Power — Licensing