Kansas § 40-4,105 Same; computation of present value

Kansas Statutes

§ 40-4,105 — Same; computation of present value

Kansas § 40-4,105

Ch. 40INSURANCE

Art. 4GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES

This text of Kansas § 40-4,105 (Same; computation of present value) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 40-4,105 (2026).

Text

Any paid-up annuity benefit available under an annuity contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rates specified in the annuity contract for determining the minimum paid-up annuity benefits guaranteed in such annuity contract.

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Any paid-up annuity benefit available under an annuity contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rates specified in the annuity contract for determining the minimum paid-up annuity benefits guaranteed in such annuity contract.