At the time of filing of the policy form, the valuation method and assumptions need to be filed with the Department of Insurance. The assumptions should reflect the statutory mortality and interest rate assumptions for life insurance policies and appropriate assumptions for the other provisions incorporated in the policy form.
Structure Mississippi Code
§ 83-7-103. Accelerated benefit provisions as not representing morbidity risks
§ 83-7-105. Acknowledgement of concurrence for payout prior to payment
§ 83-7-107. Options for payment; minimum amounts
§ 83-7-111. Effective date of accelerated benefit
§ 83-7-115. Discrimination amongst insureds prohibited
§ 83-7-119. Filing valuation method and assumptions with Department of Insurance; content