{"data":{"id":"us-ky/krs-304.29-201","jurisdiction":"us-ky","citation":"KRS 304.29-201","heading":"Nonforfeiture benefits, cash surrender values, certificate loans and","body":"other options.\n(1) For certificates issued prior to one (1) year after January 1, 1989, the value of every\npaid-up nonforfeiture benefit and the amount of any cash surrender value , loan or\nother option granted shall comply with the provisions of law applicable immediately\nprior to January 1, 1989.\n(2) For certificates issued on or after one (1) year from January 1, 1989, for which\nreserves are computed on the commissioner's 1941 st andard ordinary mortality\ntable, the commissioner's 1941 standard industrial table or the commissioner's 1958\nstandard ordinary mortality table, or the commissioner's 1980 standard mortality\ntable, or anymore recent table made applicable to life insurers, every paid -up\nnonforfeiture benefit and the amount of any cash surrender value, loan or other\noption granted shall not be less than the corresponding amount ascertained in\naccordance with the laws of this state applicable to life insurers issuing policies\ncontaining like benefits based upon such tables.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29685","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:52Z","sha256":"9a4fd839062fc2006edcb417d30c0a27de90e82a70ee755a214b5bd13ddeac63","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.29-200","next":"us-ky/krs-304.29-210"},"notice":"GroundRules: Original legal text. Not legal advice."}