523a

(a) In no event shall an insurer’s aggregate reserves for said life insurance policies, excluding disability and accidental death benefits, be less than the aggregate reserves calculated pursuant to the method set forth in subsections (2) and (3) of § 523 of this title and in the regulations promulgated by the Commissioner, the mortality table or tables, and the rate or rates of interest used in calculating nonforfeiture benefits for such policies.(b) In no event shall the aggregate reserves of all policies, contracts and benefits be less than the aggregate reserves determined by an actuary qualified to render actuarial opinion as required by § 523b of this title. History —Ins. Code, added as § 5.090 on Apr. 2, 2008, No. 34, § 3.