79219138.2-1377Virginia Decodedhttps://vacode.org2016InsuranceReports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General AgentsStandard Valuation.Reserve calculation; indeterminate premium plans2014, c. 571.http://law.lis.virginia.gov/vacode/38.2-1377/38.2-1372Reserve valuation method; life insurance and endowment benefits/38.2-1372/38.2-1373Reserve valuation method; annuity and pure endowment benefits/38.2-1373/38.2-1376Reserve calculation; valuation net premium exceeding the gross premium charged/38.2-1376//38.2-1377/38.2/13/10/38.2-137738.2-1374

In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of a plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in §§ 38.2-1372, 38.2-1373, and 38.2-1376, the reserves that are held under the plan shall:section

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Be appropriate in relation to the benefits and the pattern of premiums for that plan; andsection

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Be computed by a method that is consistent with the principles of this article, as determined by regulations adopted by the Commission.section

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