North Dakota § 26.1-35-07 Minimum reserves

North Dakota Statutes

§ 26.1-35-07 — Minimum reserves

North Dakota·Title 26.1 Insurance·Ch. 26.1-35 Standard Valuation Law

1.An insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued after June 30, 1977, may not be less than the aggregate reserves calculated in accordance with the methods set forth in sections 26.1-35-05, 26.1-35-06, 26.1-35-09, and 26.1-35-10 and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for the policies.

2.The aggregate reserves for all policies, contracts, and benefits may not be less than the aggregate reserves determined by the qualified actuary to be necessary to render the opinion required by section 26.1-35-01.1.

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1. An insurer's aggregate reserves for all life insurance policies, excluding disability and
accidental death benefits, issued after June 30, 1977, may not be less than the
aggregate reserves calculated in accordance with the methods set forth in sections
26.1-35-05, 26.1-35-06, 26.1-35-09, and 26.1-35-10 and the mortality table or tables
and rate or rates of interest used in calculating nonforfeiture benefits for the policies.
2. The aggregate reserves for all policies, contracts, and benefits may not be less than
the aggregate reserves determined by the qualified actuary to be necessary to render
the opinion required by section 26.1-35-01.1.

North Dakota § 26.1-35-07 (Minimum reserves) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.