Standard Valuation.
This is Article 10 of the Code of Virginia, titled “Standard Valuation..” It is part of Title 38.2, titled “Insurance.” It is part of Chapter 13, titled “Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents.” It’s comprised of the following 20 sections.
- § 38.2-1365
- Definitions
- § 38.2-1366
- Reserve valuation
- § 38.2-1367
- Actuarial opinion of reserves
- § 38.2-1368
- Minimum valuation standard for policies issued prior to certain dates
- § 38.2-1369
- Computation of minimum standard
- § 38.2-1370
- Computation of minimum standard for annuities
- § 38.2-1372
- Reserve valuation method; life insurance and endowment benefits
- § 38.2-1373
- Reserve valuation method; annuity and pure endowment benefits
- § 38.2-1374
- Minimum reserves
- § 38.2-1375
- Optional reserve calculation
- § 38.2-1376
- Reserve calculation; valuation net premium exceeding the gross premium charged
- § 38.2-1377
- Reserve calculation; indeterminate premium plans
- § 38.2-1378
- Minimum standard for accident and health insurance contracts
- § 38.2-1379
- Valuation manual for policies issued on or after the operative date of the valuation manual
- § 38.2-1380
- Requirements of a principle-based valuation
- § 38.2-1381
- Experience reporting for policies in force on or after the operative date of the valuation manual
- § 38.2-1382
- Confidentiality
- § 38.2-1383
- Single state exemption
- § 38.2-1384
- Assessment against insurers whose policies are valued
- § 38.2-1385
- Article not applicable in certain cases