X hits on this document

Word document

I.EXECUTIVE ORDERS - page 224 / 359

1746 views

0 shares

0 downloads

0 comments

224 / 359

22:163.B.(1).

B.The minimum statutory interest rate standard used in the determination of nonforfeiture values for preneed life insurance shall be the calendar year statutory nonforfeiture interest rates as defined in Title 22, the Louisiana Insurance Code, R.S. 22:168.G.(9).

AUTHORITY NOTE:Promulgated in accordance with R.S. 22:3, 22:163, 22:168 and the Administrative Procedure Act, R.S. 49:950 et seq.

HISTORICAL NOTE:Promulgated by the Department of Insurance, Office of the Commissioner, LR 34:2193 (October 2008).

§13113.Minimum Valuation Method Standards

A.The standard method used to determine the minimum statutory reserve for preneed life insurance shall be the method defined in Title 22, the Louisiana Insurance Code, R.S. 22:163.B.(4)(a).

B.The standard method used to determine the minimum nonforfeiture values for preneed life insurance shall be the method defined in Title 22, the Louisiana Insurance Code, R.S. 22:168.G.(1).

AUTHORITY NOTE:Promulgated in accordance with R.S. 22:3, 22:163, 22:168 and the Administrative Procedure Act, R.S. 49:950 et seq.

HISTORICAL NOTE:Promulgated by the Department of Insurance, Office of the Commissioner, LR 34:2194 (October 2008).

§13115.Transition Rules

A.For preneed life insurance policies issued on or after the effective date of Regulation 96, and before January 1, 2012, the 2001 CSO may be used as the minimum statutory standard for reserves, and the minimum standard for nonforfeiture benefits, for both male and female insured lives.

B.If an insurer elects to use the 2001 CSO as a minimum statutory standard for any preneed life insurance policy, issued on or after the effective date of this regulation and before January 1, 2012, the insurer shall provide, as a part of the actuarial opinion memorandum submitted in support of the company’s asset adequacy testing, an annual written notification to the domiciliary commissioner. The notification shall include:

1.a complete list of all preneed life insurance policy forms that use the 2001 CSO as a minimum standard;
2.a certification signed by the appointed actuary stating that the reserve methodology employed by the company in determining reserves for the preneed life insurance policies issued on or after the effective date of this regulation and using the 2001 CSO as a minimum statutory standard, develops adequate reserves (For the purposes of this certification, the preneed life insurance policies using the 2001 CSO as a minimum statutory standard cannot be aggregated with any other policies.); and
3.supporting information regarding the adequacy of reserves for preneed life insurance policies issued after the effective date of this regulation and using the 2001 CSO as a minimum statutory reserve standard.

C.Preneed life insurance policies issued on or after January 1, 2012, must use the Ultimate 1980 CSO in the calculation of minimum statutory reserves and nonforfeiture values.

AUTHORITY NOTE:Promulgated in accordance with R.S. 22:3, 22:163, 22:168 and the Administrative Procedure Act, R.S. 49:950 et seq.

HISTORICAL NOTE:Promulgated by the Department of Insurance, Office of the Commissioner, LR 34:2194 (October 2008).

§13117.Effective Date

A.Regulation 96 will become effective upon promulgation in the Louisiana Register and will be applicable to preneed life insurance policies, as specified in §13103, issued on or after January 1, 2009.

AUTHORITY NOTE:Promulgated in accordance with R.S. 22:3, 22:163, 22:168 and the Administrative Procedure Act, R.S. 49:950 et seq.

HISTORICAL NOTE:Promulgated by the Department of Insurance, Office of the Commissioner, LR 34:2194 (October 2008).

James J. Donelon

Commissioner

0810#071

RULE

Department of Public Safety and Corrections

Corrections Services

Disciplinary Rules and Procedures for Adult Offenders (LAC 22:I.341-363)

In accordance with the Administrative Procedure Act, R.S. 49:950, et seq., the Department of Public Safety and Corrections, Corrections Services, amends in their entirety LAC 22:I.341-365 and adds new rules and regulations, all relative to the Disciplinary Rules and Procedures for Adult Offenders.

Title 22

CORRECTIONS, CRIMINAL JUSTICE AND LAW ENFORCEMENT

Part I.  Corrections

Chapter 3.Adult Services

Subchapter B.Disciplinary Rules and Procedures for Adult Offenders

§341.Preface

A.This book of disciplinary rules and procedures constitutes clear and proper notice of same for each offender sentenced to the Department of Public Safety and Corrections.

B.This book rescinds and supersedes the Disciplinary Rules and Procedures for Adult Offenders dated December 2000 (and any subsequent revisions) and appeal decisions rendered pursuant to those rules and procedures.

AUTHORITY NOTE:Promulgated in accordance with R.S. 15:823, Wolff v. McDonnell, 94 S.Ct. 2963 (1974), Ralph v. Dees, C.A. 71-94, USDC (Md. La.) and Sandin v. Conner, 115 S. Ct. 2293 (1995).

HISTORICAL NOTE:Promulgated by the Department of Corrections, Office of Adult Services, LR 27:413 (March 2001), amended by the Department of Public Safety and Corrections, Corrections Services, LR 34:2194 (October 2008).

§343.Foreword

A.The Disciplinary Rules and Procedures for Adult Offenders is established to help provide structure and

Louisiana Register   Vol. 34, No. 10   October 20, 2008

Document info
Document views1746
Page views1749
Page last viewedSat Dec 10 07:05:34 UTC 2016
Pages359
Paragraphs18243
Words293762

Comments