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Extra - Chapter Notes - Enactment. Chapter 71 was added June 30, 2016, P.L.399, No.59,...
Section 7101 - Scope of chapter - This chapter relates to standards for the valuation of reserve...
Section 7102 - Definitions - The following words and phrases when used in this chapter...
Section 7103 - Special applicability provisions - The standards for the valuation of reserve liabilities for life...
Section 7104 - Notice regarding operative date of valuation manual - Upon the occurrence of the last occurring event under the...
Section 7105 - Regulations - The department may promulgate regulations, as necessary, to implement, administer...
Section 7111 - Reserve valuation for policies and contracts issued prior to operative date of valuation manual - (a) Applicability.--This section shall apply to each policy or contract...
Section 7112 - Reserve valuation for policies and contracts issued on or after operative date of valuation manual - (a) Applicability.--This section shall apply to each policy or contract...
Section 7113 - Actuarial opinion of reserves prior to operative date of valuation manual - (a) Applicability.--This section shall apply to an actuarial opinion prepared...
Section 7114 - Actuarial opinion of reserves on or after operative date of valuation manual - (a) Applicability.--This section shall apply to an actuarial opinion prepared...
Section 7115 - Computation of minimum standard - (a) Applicability.--This section shall govern the minimum standard for the...
Section 7116 - Computation of minimum standard for annuities - (a) Computation generally.--Except as provided in section 7117 (relating to...
Section 7117 - Computation of minimum standard by calendar year of issue - (a) Applicability.--The interest rates used in determining the minimum standard...
Section 7118 - Reserve valuation method for life insurance and endowment benefits - (a) Uniform insurance amount and premiums.--Except as otherwise provided in...
Section 7119 - Reserve valuation method for annuity and pure endowment benefits - (a) Applicability.--This section shall apply to all annuity and pure...
Section 7120 - Minimum reserves - (a) Amount calculated.--A company's aggregate reserves for all life insurance...
Section 7121 - Optional reserve calculation - (a) Issuance prior to May 17, 1921.--Reserves for policies and...
Section 7122 - Reserve calculation for valuation net premium exceeding gross premium charged - (a) Calculation of minimum reserve.--The following shall apply: (1) If...
Section 7123 - Reserve calculation for indeterminate premium plans - (a) Applicability.--This section shall apply to either of the following:...
Section 7124 - Minimum standard for accident and health insurance contracts - (a) Annual valuation of reserve liabilities.--On an annual basis as...
Section 7125 - Valuation manual for policies issued on or after operative date of valuation manual - (a) Standard in valuation manual.--Except as provided in subsection (c)...
Section 7126 - Requirements of principle-based valuation - (a) Characteristics of valuation.--For policies or contracts specified in the...
Section 7127 - Experience reporting for policies in force on or after operative date of valuation manual - A company shall submit to the commissioner, or the commissioner's...
Section 7131 - Confidential information defined - As used in this subchapter, the following words and phrases...
Section 7132 - General rule for confidential information - Except as otherwise provided in this subchapter, confidential information shall...
Section 7133 - Private civil actions - The commissioner, department or any person who receives documents, materials...
Section 7134 - Use of confidential information by department - To assist in the performance of its duties, the department...
Section 7135 - Agreements - The department may enter into agreements governing sharing and use...
Section 7136 - No waiver of privilege or confidentiality - (a) Sharing of information by department.--The sharing of confidential information...
Section 7137 - Limited exceptions - Notwithstanding section 7132 (relating to general rule for confidential information),...
Section 7141 - Single-state company exemption - (a) Requirements.--A company may file a written request with the...
Section 7142 - Small company exemption - (a) Requirements.--A company seeking an exemption for any of its...
Section 7151 - Effect on The Insurance Company Law of 1921 - (a) Fraternal benefit organizations.--The following shall apply: (1) Section 2451(b)...