Rhode Island § 27-4.5-6 § 27-4.5-6. Minimum reserves.

Rhode Island Statutes

§ 27-4.5-6 — § 27-4.5-6. Minimum reserves.

Rhode Island § 27-4.5-6

Title 27Insurance

Ch. 27-4.5The Standard Valuation Law

This text of Rhode Island § 27-4.5-6 (§ 27-4.5-6. Minimum reserves.) 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 § 27-4.5-6 (2026).

Text

§ 27-4.5-6. Minimum reserves.
(a) In no event shall a company's aggregate reserves for all life insurance policies,
            excluding disability and accidental death benefits, issued on or after January 1,
            1994, be less than the aggregate reserves calculated in accordance with the methods
            set forth in §§ 27-4.5-5, 27-4.5-5.1, 27-4.5-8, and 27-4.5-9 and the mortality table or tables and rate or rates of interest used in calculating
            nonforfeiture benefits for the policies.
         
(b) In no event shall the aggregate reserves for all policies, contracts, and benefits
            be less than the aggregate reserves determined by the appoi

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§ 27-4.5-6. Minimum reserves.

(a) In no event shall a company's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after January 1, 1994, be less than the aggregate reserves calculated in accordance with the methods set forth in §§ 27-4.5-5, 27-4.5-5.1, 27-4.5-8, and 27-4.5-9 and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for the policies.

(b) In no event shall the aggregate reserves for all policies, contracts, and benefits be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by § 27-4.5-3.