83-7-39 - Reserve liability for variable contracts.
§ 83-7-39. Reserve liability for variable contracts.
The reserve liability for variable contracts shall be established in accordance with actuarial procedures which recognize the variable nature of the benefits to be provided and any mortality guarantees.
Sources: Codes, 1942 § 5649-37; Laws, 1968, ch. 475 § 7; Laws, 1978, ch. 457, § 7, eff from and after July 1, 1978.