§ 27-4-18 - Variance from valuation standards. - Rhode Island Statutes

SECTION 27-4-18

   § 27-4-18  Variance from valuationstandards. – The director of business regulation may vary the standards of interest andmortality in the case of corporations from foreign countries as to contractsissued by these corporations in countries other than the United States, and inparticular cases of invalid lives and other extra hazards, and value policiesseriatim or in groups, use approximate averages for fractions of a year andotherwise, and accept the valuation of the department of insurance of any otherstate or country if made upon the basis of, and according to, standards notlower than required or authorized by §§ 27-4-17 – 27-4-20, inplace of the valuation required by §§ 27-4-17 – 27-4-20.