North Dakota § 26.1-35-10 Reserve calculation - Indeterminate premium plans

North Dakota Statutes

§ 26.1-35-10 — Reserve calculation - Indeterminate premium plans

North Dakota § 26.1-35-10

Title 26.1Insurance

Ch. 26.1-35Standard Valuation Law

This text of North Dakota § 26.1-35-10 (Reserve calculation - Indeterminate premium plans) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-35-10 (2026).

Text

In the case of any plan of life insurance which provides for future premium determination,
the amounts of which are to be determined by the insurer based on then estimates of future
experience, or in the case of any plan of life insurance or annuity which is of such a nature that
the minimum reserves cannot be determined by the methods described in sections 26.1-35-05,
26.1-35-06, and 26.1-35-09, the reserves which are held under the plan must be appropriate in
relation to the benefits and the pattern of premiums for that plan, and must be computed by a
method that is consistent with the principles of this chapter, as determined by rules adopted by
the commissioner.

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In the case of any plan of life insurance which provides for future premium determination,
the amounts of which are to be determined by the insurer based on then estimates of future
experience, or in the case of any plan of life insurance or annuity which is of such a nature that
the minimum reserves cannot be determined by the methods described in sections 26.1-35-05,
26.1-35-06, and 26.1-35-09, the reserves which are held under the plan must be appropriate in
relation to the benefits and the pattern of premiums for that plan, and must be computed by a
method that is consistent with the principles of this chapter, as determined by rules adopted by
the commissioner.