Maine § 24-A §2552 Definitions

Maine Statutes

§ 24-A §2552 — Definitions

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 29 LIFE INSURANCE AND ANNUITY CONTRACTS

For the purposes of sections 2553 and 2554 the "published monthly average" means:

1.Moody's Corporate Bond Yield Average-Monthly Average Corporates as published by Moody's Investors Services, Inc. or any successor thereto; or

2.In the event that Moody's Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by regulation issued by the superintendent.

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For the purposes of sections 2553 and 2554 the "published monthly average" means:
1.
Moody's Corporate Bond Yield Average-Monthly Average Corporates as published by Moody's Investors Services, Inc. or any successor thereto; or
2.
In the event that Moody's Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by regulation issued by the superintendent.

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