§ 27-4.5-9 - Reserve calculation – Indeterminate premium plans. - Rhode-island Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-4-5 > 27-4-5-9

SECTION 27-4.5-9

§ 27-4.5-9 Reserve calculation –Indeterminate premium plans. – In the case of any plan of life insurance which provides for future premiumdetermination, the amounts of which are to be determined by the insurancecompany based on the then estimates of future experience, or in the case of anyplan of life insurance or annuity which is of a nature that the minimumreserves cannot be determined by the methods described in §§27-4.5-5, 27-4.5-5.1 and 27-4.5-8, the reserves which are held under that planmust:

(1) Be appropriate in relation to the benefits and thepattern of premiums for that plan; and

(2) Be computed by a method that is consistent with theprinciples of this chapter, as determined by regulations promulgated by thecommissioner of insurance.

State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-4-5 > 27-4-5-9

SECTION 27-4.5-9

§ 27-4.5-9 Reserve calculation –Indeterminate premium plans. – In the case of any plan of life insurance which provides for future premiumdetermination, the amounts of which are to be determined by the insurancecompany based on the then estimates of future experience, or in the case of anyplan of life insurance or annuity which is of a nature that the minimumreserves cannot be determined by the methods described in §§27-4.5-5, 27-4.5-5.1 and 27-4.5-8, the reserves which are held under that planmust:

(1) Be appropriate in relation to the benefits and thepattern of premiums for that plan; and

(2) Be computed by a method that is consistent with theprinciples of this chapter, as determined by regulations promulgated by thecommissioner of insurance.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-4-5 > 27-4-5-9

SECTION 27-4.5-9

§ 27-4.5-9 Reserve calculation –Indeterminate premium plans. – In the case of any plan of life insurance which provides for future premiumdetermination, the amounts of which are to be determined by the insurancecompany based on the then estimates of future experience, or in the case of anyplan of life insurance or annuity which is of a nature that the minimumreserves cannot be determined by the methods described in §§27-4.5-5, 27-4.5-5.1 and 27-4.5-8, the reserves which are held under that planmust:

(1) Be appropriate in relation to the benefits and thepattern of premiums for that plan; and

(2) Be computed by a method that is consistent with theprinciples of this chapter, as determined by regulations promulgated by thecommissioner of insurance.