40-4,105. Same; computation of present value.
40-4,105
40-4,105. Same; computation of presentvalue.Any paid-up annuity benefit available under an annuitycontract shall be suchthatits present value on the date annuity payments are to commence is at leastequal to the minimumnonforfeiture amount on that date. Present value shall be computed using themortality table, ifany, and the interest rates specified in the annuity contract for determiningthe minimum paid-upannuity benefits guaranteed in such annuity contract.
History: L. 2004, ch. 18, § 5; July 1.