                                 CODE OF VIRGINIA

MINIMUM RESERVES (§ 38.2-1374)

A. In no event shall an insurer&#8217;s aggregate reserves for all life
insurance policies, excluding disability and accidental death benefits, be less
than the aggregate reserves calculated in accordance with the methods set forth
in &#xA7;&#xA7; 38.2-1372, 38.2-1373, 38.2-1376, and 38.2-1377 and the mortality
table or tables and rate or rates of interest used in calculating nonforfeiture
benefits for those 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 &#xA7; 38.2-1367.

HISTORY: 2014, c. 571.