Unless otherwise approved by the commissioner of insurance, assets allocated to a separate account shall be valued at their market value on the date of valuation, or if there is not readily available market, then in accordance with the terms of the contract or the rules or other written agreement applicable to such separate account; provided, that unless otherwise approved by the commissioner of insurance, that portion if any of the assets of such separate account equal to the company's reserve liability with regard to the guaranteed benefits and funds referred to in Section 83-7-29, if any, shall be valued in accordance with the rules otherwise applicable to the company's assets.
Structure Mississippi Code
§ 83-7-1. Life insurance companies defined
§ 83-7-3. Distinction in same class and rebates prohibited
§ 83-7-5. Proceeds of policy not subject to judicial process or assignment while in hands of company
§ 83-7-9. Assignment of group life insurance policy
§ 83-7-11. Penalty for false statement as to publication
§ 83-7-13. Application of insured to be filed with policy of insurance
§ 83-7-15. Misstatement of age not to invalidate policy
§ 83-7-19. Minors may make insurance contract
§ 83-7-21. Reserve liabilities
§ 83-7-23. Standard valuation law
§ 83-7-25. Standard nonforfeiture law
§ 83-7-31. Crediting of income or charging of losses on separate accounts
§ 83-7-33. Valuation of assets allocated to separate accounts
§ 83-7-35. Ownership of amounts allocated to separate accounts
§ 83-7-37. Powers of domestic companies establishing separate accounts
§ 83-7-39. Reserve liability for variable contracts
§ 83-7-51. Notice of right to return policy; effect of return