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2017 Kansas Statutes
Chapter 40 INSURANCE
Article 4 GENERAL PROVISIONS RELATING TO LIFE INSURANCE COMPANIES
40-4,105 Same; computation of present value.
Universal Citation: KS Stat § 40-4,105 (2017)
40-4,105. Same; computation of present value. Any paid-up annuity benefit available under an annuity contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rates specified in the annuity contract for determining the minimum paid-up annuity benefits guaranteed in such annuity contract.
History: L. 2004, ch. 18, § 5; July 1.
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