§ 27-4.5-6 - Minimum reserves. - Rhode Island Statutes

SECTION 27-4.5-6

   § 27-4.5-6  Minimum reserves. – (a) In no event shall a company's aggregate reserves for all life insurancepolicies, excluding disability and accidental death benefits, issued on orafter January 1, 1994, be less than the aggregate reserves calculated inaccordance with the methods set forth in §§ 27-4.5-5, 27-4.5-5.1,27-4.5-8 and 27-4.5-9 and the mortality table or tables and rate or rates ofinterest used in calculating nonforfeiture benefits for the policies.

   (b) In no event shall the aggregate reserves for allpolicies, contracts, and benefits be less than the aggregate reservesdetermined by the qualified actuary to be necessary to render the opinionrequired by § 27-4.5-3.