For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under § 27-4.5-2(b). For accident and health insurance contracts issued on or after January 1, 1994, and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted by the commissioner by regulation.
R.I. Gen. Laws § 27-4.5-10
Minimum standards for accident and health insurance contracts
Known as the Standard Valuation Law
The act spans §§ 27-4.5-1 to 27-4.5-9 (19 sections).
P.L. 1993, ch. 180, § 1; P.L. 2013, ch. 17, § 2; P.L. 2013, ch. 20, § 2.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.