Rhode Island § 27-4.4-5 § 27-4.4-5. Computation of present value.

Rhode Island Statutes

§ 27-4.4-5 — § 27-4.4-5. Computation of present value.

Rhode Island § 27-4.4-5

Title 27Insurance

Ch. 27-4.4The Standard Nonforfeiture Law for Individual Deferred Annuities

This text of Rhode Island § 27-4.4-5 (§ 27-4.4-5. Computation of present value.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-4.4-5 (2026).

Text

§ 27-4.4-5. Computation of present value.
Any paid-up annuity benefit available under a 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. The present value shall be computed using the mortality
            table, if any, and the interest rate specified in the contract for determining the
            minimum paid-up annuity benefits guaranteed in the contract.
         

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§ 27-4.4-5. Computation of present value.

Any paid-up annuity benefit available under a 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. The present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.