There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 29. Fraternal Benefit Societies
304.29.201 Nonforfeiture benefits, cash surrender values, certificate loans and other options.
Download pdfother option granted shall comply with the provisions of law applicable immediately
prior to January 1, 1989. (2) For certificates issued on or after one (1) year from January 1, 1989, for which reserves are computed on the commissioner's 1941 standard ordinary mortality
table, the commissioner's 1941 standard industrial table or the commissioner's 1958
standard ordinary mortality table, or the commissioner's 1980 standard mortality
table, or anymore recent table made applicable to life insurers, every paid-up
nonforfeiture benefit and the amount of any cash surrender value, loan or other
option granted shall not be less than the corresponding amount ascertained in
accordance with the laws of this state applicable to life insurers issuing policies
containing like benefits based upon such tables. Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 310, sec. 20, effective January 1, 1989.
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