KRS 304.6-160: Amount of aggregate reserves.
Where this section sits in the code
(1) In no event shall an insurer's aggregate reserves for all life insurance policies,
excluding disability and accidental death benefits, which are subject to subsection
(2) of KRS 304.6 -140, be less than the aggregate reserves calculated in accordance
with t he methods set forth in KRS 304.6 -150, 304.6 -155, 304.6 -180 and 304.15 -
410, and the mortality table or tables and rate or rates of interest used in calculating
nonforfeiture benefits for such policies.
(2) In no event shall the aggregate reserves for all p olicies, contracts, and benefits be
less than the aggregate reserves determined by the appointed actuary to be necessary
to render the opinion required by KRS 304.6-171.
Collected 2026-09-05T20:57:38Z. Source file · JSON