3901-6-09 Valuation of life insurance policies and annuities.

(A) Purpose

The purpose of this rule is to implement a computerized valuation system for life insurance policy and annuity reserves to be used in conjunction with the annual certification of insurance company reserves.

(B) Authority

This rule is issued pursuant to section 3901.041 and section 3903.72 of the Revised Code.

(C) All Ohio domestic life insurance companies shall provide information, data, valuation extracts, actual reserves and other parameters for selected policies in the manner prescribed by the department so as to be compatible with the software system which the department uses for the valuation of life insurance policy and annuity resErves.

(D) Severability

If any paragraph, term or provision of this rule is adjudged invalid for any reason, such judgment shall not affect, impair or invalidate any other paragraph, term or provision of this rule, and the remaining paragraphs, terms and provisions shall continue in full force and effect.

R.C. 119.032 review dates: 12/27/2007 and 12/27/2012

Promulgated Under: 119.03

Statutory Authority: 3901.041

Rule Amplifies: 3903.72

Prior Effective Dates: 2/21/1998