Principle-based valuation: Prescribed formulaic reserve component allowed; applicability.

  1. Law
  2. Nevada Revised Statutes
  3. Assets and Liabilities
  4. Principle-based valuation: Prescribed formulaic reserve component allowed; applicability.

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1. A principle-based valuation may include a prescribed formulaic reserve component.

2. Except as otherwise provided in NRS 681B.310, the provisions of this section apply only to, or in connection with, policies and contracts issued on or after the operative date of the Valuation Manual.

(Added to NRS by 2015, 3397)


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