512B.20 Nonforfeiture benefits, cash surrender values, certificate loans, and other options. 1. For certificates issued before January 1, 1991, the value of every paid-up nonforfeiture benefit and the amount of any cash surrendered value, loan, or other option granted shallcomply with chapter 512, Code 1989. 2. For certificates issued on or after January 1, 1991, for which reserves are computed on the commissioner’s 1980 standard mortality table, or any more recent table made applicableto life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrendervalue, loan, or other option granted shall not be less than the corresponding amountascertained in accordance with the laws of this state applicable to life insurers issuingpolicies containing like benefits based upon the same tables. 90 Acts, ch 1148, §21 Sat Dec 23 00:43:19 2023 Iowa Code 2024, Section 512B.20 (17, 0)
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