{"data":{"id":"us-ky/krs-304.6-170","jurisdiction":"us-ky","citation":"KRS 304.6-170","heading":"Calculation of reserves.","body":"(1) Reserves for any category of policies, contracts, or benefits as established by the\ncommissioner, which are subject to subsection (2) of KRS 304.6 -140, may be\ncalculated, at the option of the insurer, according to any standards which produce\ngreater aggregate reserves for such category than those calculated according to the\nminimum standard herein provided, but the rate or rates of interest used for policies\nand contracts, other than annuity and pure endowment contracts, shall not be greater\nthan the corresponding rate or rates of interest used in calculating any nonforfeiture\nbenefits provided for therein.\n(2) Any such company which at any time shall have adopted any standard of valuation\nproducing greater aggregate reserves than those calculated according to the\nminimum standard herein provided may, with the approval of the commissioner,\nadopt any lower standard of valuation, but not lower than the minimum required by\nthis subtitle, except that for the purposes of this section, the holding of additional\nreserves previously determined by the appointed actuary to be necessary to render\nthe opinion requested by KRS 304.6 -171 shall not be deemed to be the adoption of\na higher standard of valuation.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=44437","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:38Z","sha256":"71df8f8a84cb8c8079446dc5c7debfcbbf73bc8a3a18ca2b79cbba6a998634e8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.6-160","next":"us-ky/krs-304.6-171"},"notice":"GroundRules: Original legal text. Not legal advice."}