2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-3139. (Repealed effective January 1, 2015) Minimum reserves
A. In no event shall an insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, be less than the aggregate reserves calculated in accordance with the methods set forth in §§ 38.2-3137, 38.2-3138, 38.2-3141 and 38.2-3142 and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for those policies.
B. In no event shall the aggregate reserves for all policies, contracts and benefits be less than the aggregate reserves determined by the qualified actuary to be necessary to render the opinion required by § 38.2-3127.1.
Code 1950, § 38-394; 1952, c. 317, § 38.1-456; 1959, Ex. Sess., c. 43; 1962, c. 562; 1975, c. 215; 1979, c. 437; 1982, c. 227; 1986, c. 562; 1992, c. 588 .
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