(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.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 84 - Standard Valuation Law For Life Insurance And Annuities
§ 23-84-101. Title — Definitions
§ 23-84-102. Valuation of reserves by Insurance Commissioner
§ 23-84-103. Minimum standard for valuation generally
§ 23-84-104. Minimum standard for valuation — Annuity and pure endowment contracts
§ 23-84-105. Minimum standard for valuation — Interest rates — Definitions
§ 23-84-106. Calculation of reserves generally
§ 23-84-107. Calculation of reserves — Certain annuity and pure endowment contracts
§ 23-84-109. Calculation of reserves — Standards of valuation
§ 23-84-110. Calculation of reserves — Certain life insurance policies and contracts
§ 23-84-111. Calculation of reserves — Future premium determinations by life insurers
§ 23-84-112. Actuarial opinion of reserves — Definition
§ 23-84-114. Minimum standard for accident and health insurance
§ 23-84-116. Requirements of principle-based valuation
§ 23-84-117. Experience reporting