{"data":{"id":"us-va/14vac5-60-40","jurisdiction":"us-va","citation":"14VAC5-60-40","heading":"Conditions","body":"For each plan of insurance with separate rates for smokers and nonsmokers an insurer may:\n\n1. Use composite mortality tables to determine minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits;\n\n2. Use smoker and nonsmoker mortality tables to determine the valuation net premiums and additional minimum reserves, if any, required by law and use composite mortality tables to determine the basic minimum reserves, minimum cash surrender values and amounts of paid-up nonforfeiture benefits; or\n\n3. Use smoker and nonsmoker mortality tables to determine minimum reserve liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture benefits.","path":["Title 14. Insurance","Agency 5. State Corporation Commission, Bureau of Insurance","Chapter 60. Rules Permitting Smoker/Nonsmoker Mortality Tables for Use in Determining Minimum Reserve Liabilities and Nonforfeiture Benefits"],"source_url":"https://law.lis.virginia.gov/admincode/title14/agency5/chapter60/section40/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:51:49Z","sha256":"b1e3b17e208805ae5e33c13572ec4abbece06b559a97877572148afc38aecceb","source_id":"us-va-vac","stale":false,"prev":"us-va/14vac5-60-30","next":"us-va/14vac5-60-50"},"notice":"GroundRules: Original legal text. Not legal advice."}