The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004A
:
STANDARD VALUATION LAW
(Cite as: 8 V.S.A. § 3791i)
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§ 3791i. Minimum reserves
(a) In no event shall a company’s aggregate reserves for all life insurance policies,
excluding disability and accidental death benefits, issued on or after July 1, 1968
be less than the aggregate reserves calculated in accordance with the methods set
forth in sections 3791g, 3791h, 3791k, and 3791l of this subchapter and the mortality table or tables and rate or rates of interest
used in calculating nonforfeiture benefits for the policies.
(b) In no event shall the aggregate reserves for all policies, contracts, and benefits
be less than the aggregate reserves determined by the appointed actuary to be necessary
to render the opinion required by section 3791c of this subchapter. (Added 2015, No. 63, § 1, eff. June 17, 2015.)