§ 27-4.5-10. Minimum standards for accident and health insurance contracts.
For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under § 27-4.5-2(b). For accident and health insurance contracts issued on or after January 1, 1994 and prior to the operative date of the valuation manual the minimum standard of valuation is the standard adopted by the commissioner by regulation.
History of Section.P.L. 1993, ch. 180, § 1; P.L. 2013, ch. 17, § 2; P.L. 2013, ch. 20, § 2.
Structure Rhode Island General Laws
Chapter 27-4.5 - The Standard Valuation Law
Section 27-4.5-1. - Short title and definitions.
Section 27-4.5-2. - Reserve valuation.
Section 27-4.5-3. - Actuarial opinion of reserves.
Section 27-4.5-4. - Computation of minimum standard.
Section 27-4.5-4.1. - Computation of minimum standard by calendar year of issue.
Section 27-4.5-5. - Reserve valuation method — Life insurance and endowment benefits.
Section 27-4.5-5.1. - Reserve valuation method — Annuity and pure endowment benefits.
Section 27-4.5-6. - Minimum reserves.
Section 27-4.5-7. - Optional reserve calculation.
Section 27-4.5-8. - Reserve calculation — Valuation net premium exceeding the gross premium charged.
Section 27-4.5-9. - Reserve calculation — Indeterminate premium plans.
Section 27-4.5-10. - Minimum standards for accident and health insurance contracts.
Section 27-4.5-11. - Rules and regulations.
Section 27-4.5-12. - Severability.
Section 27-4.5-14. - Requirements of a principle-based valuation.