On and after the operative date of the Valuation Manual specified in section 34 of this chapter, as used in this chapter, 'principal based valuation' means a reserve valuation that:(1) uses at least one (1) method or assumption determined by the insurer; and(2) is required to comply with section 35 of this chapter as specified in the Valuation Manual.As added by P.L.276-2013, SEC.10. Amended by P.L.124-2018, SEC.21.
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