Assets allocated to a separate account shall be valued at their market value on the date of valuation, or if there is no readily available market, then in accordance with the terms of the agreement; provided, that the portion of the assets of the separate account at least equal to the company's reserve liability with regard to the guaranteed benefits and funds referred to in § 56-3-502, if any, shall be valued in accordance with the rules otherwise applicable to the company's assets.
Tenn. Code Ann. § 56-3-504
Valuation of assets allocated to separate account
Known as the Tennessee Insurance Law
The act spans §§ 56–56 (1,220 sections).
Acts 1967, ch. 353, § 4; T.C.A., §§ 56-261, 56-315.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.