Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subchapter I. Assets
§ 1101. “Assets” defined. - In any determination of the financial condition of an insurer,...
§ 1102. Assets not allowed. - In addition to assets impliedly excluded by § 1101 of...
§ 1102A. Bank insurance department or division distinct from bank. - The assets of any insurance department or division of a...
Subchapter II. Liabilities and Reserves
§ 1103. Liabilities, in general. - In any determination of the financial condition of an insurer,...
§ 1104. Reserves of domestic insurers transacting business in foreign countries only. - A domestic insurer transacting insurance in foreign countries only, and...
§ 1105. Disallowance of “wash” transactions. - (a) The Commissioner shall disallow as an asset or as...
§ 1106. Unearned premium reserve. - (a) As to property, casualty and surety insurance the insurer...
§ 1107. Unearned premium reserve for marine and transportation insurance. - As to marine and transportation insurance, the entire amount of...
§ 1108. Health insurance policy reserves. - For all health insurance policies the insurer shall maintain an...
§ 1109. Title insurance reserves. - In addition to an adequate reserve as to outstanding losses...
§ 1110. Mortgage guaranty contingency reserve. - Casualty or surety insurers insuring real property mortgage lenders against...
Subchapter III. Life Insurance Reserves
§ 1111. Title and definitions. - (a) This subchapter III shall be known as the “Standard...
§ 1112. Reserve valuation. - (a) Policies and contracts issued prior to the operative date...
§ 1113. Actuarial opinions of reserves. - (a) Actuarial opinion prior to the operative date of the...
§ 1114. Computation of minimum standard. - Except as provided in §§ 1114A, 1114B and 1120 of...
§ 1114A. Computation of minimum standards for annuities. - (a) Except as provided in § 1114B of this title,...
§ 1114B. Computation of minimum standard by calendar year of issue. - (a) The interest rates used in determining the minimum standard...
§ 1115. Reserve valuation method—Life insurance and endowment benefits. - (a) Except as otherwise provided in §§ 1115A, 1118 and...
§ 1115A. Reserve valuation method—Annuity and pure endowment benefits. - (a) This section shall apply to all annuity and pure...
§ 1116. Minimum reserves. - (a) In no event shall a company's aggregate reserves for...
§ 1117. Optional reserve calculation. - (a) Reserves for any category of policies, contracts, or benefits...
§ 1118. Reserve calculation—Valuation net premium exceeding the gross premium charged. - (a) If in any contract year the gross premium charged...
§ 1119. Reserve calculation—Indeterminate premium plans. - (a) In the case of a plan of life insurance...
§ 1120. Minimum standard for accident and health insurance contracts. - For accident and health insurance contracts issued on or after...
§ 1121. Valuation manual for policies issued on or after the operative date of the valuation manual. - (a) For policies issued on or after the operative date...
§ 1122. Requirements of a principle-based valuation. - (a) A company must establish reserves using a principle-based valuation...
§ 1123. Experience reporting for policies in force on or after the operative date of the valuation manual. - A company shall submit mortality, morbidity, policyholder behavior, or expense...
§ 1124. Confidentiality. - (a) For purposes of this section, “confidential information” means all...
§ 1125. Single state exemption. - (a) The Commissioner may exempt specific product forms or product...
§ 1126. Effective date. - All acts and parts of acts inconsistent with the provisions...
Subchapter IV. Valuation of Assets
§ 1127. Valuation of bonds. - (a) All bonds or other evidences of debt having a...
§ 1128. Valuation of other securities. - (a) Securities, other than those referred to in § 1127...
§ 1129. Valuation of property. - (a) Real property acquired pursuant to a mortgage loan or...
§ 1130. Valuation of purchase money mortgages. - Purchase money mortgages on real property referred to in §...
Subchapter V. Property and Casualty Actuarial Opinion Law
§ 1131. Title. - This subchapter shall be known as the “Property and Casualty...
§ 1132. Actuarial opinion of reserves and supporting documentation. - (a) This section shall become operative January 1, 2013. (b)...
§ 1133. Confidentiality. - (a) The Statement of Actuarial Opinion shall be provided with...