§ 27-32-4. Valuation of accounts.
Assets allocated to a separate account shall be valued at their market value on the date of valuation, or if there is no readily available market, then in accordance with the terms of the applicable written agreement; provided, that the portion of the assets of a separate account at least equal to the company’s reserve liability with regard to guaranteed benefits and funds, if any, shall be valued in accordance with the rules applicable to the company’s assets.
History of Section.P.L. 1966, ch. 161, § 1.
Structure Rhode Island General Laws
Chapter 27-32 - Pension, Profit Sharing or Annuity Plans
Section 27-32-1. - Separate accounts authorized.
Section 27-32-2. - Investments of accounts.
Section 27-32-3. - Gains or losses allocated to each account.
Section 27-32-4. - Valuation of accounts.
Section 27-32-5. - Benefits on variable basis.
Section 27-32-6. - Prerequisites to delivery of contract — Qualification of company.
Section 27-32-7. - Regulation of issuance and sale of agreements — Rules and regulations.
Section 27-32-8. - Application of insurance laws to separate accounts.