PocketLaw | Pennsylvania Consolidated Statutes | Reserve Liabilities

Reserve Liabilities

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Scope of chapter

Definitions

Special applicability provisions

Notice regarding operative date of valuation manual

Regulations

Reserve valuation for policies and contracts issued prior to operative date of valuation manual

Reserve valuation for policies and contracts issued on or after operative date of valuation manual

Actuarial opinion of reserves prior to operative date of valuation manual

Actuarial opinion of reserves on or after operative date of valuation manual

Computation of minimum standard

Computation of minimum standard for annuities

Computation of minimum standard by calendar year of issue

Reserve valuation method for life insurance and endowment benefits

Reserve valuation method for annuity and pure endowment benefits

Minimum reserves

Optional reserve calculation

Reserve calculation for valuation net premium exceeding gross premium charged

Reserve calculation for indeterminate premium plans

Minimum standard for accident and health insurance contracts

Valuation manual for policies issued on or after operative date of valuation manual

Requirements of principle-based valuation

Experience reporting for policies in force on or after operative date of valuation manual

Confidential information defined

General rule for confidential information

Private civil actions

Use of confidential information by department

Agreements

No waiver of privilege or confidentiality

Limited exceptions

Single-state company exemption

Small company exemption

Effect on The Insurance Company Law of 1921

Chapter Notes