| Date: | 07/09/2004 |
|---|---|
| Organization: | Division of Insurance |
| Regulatory Authority: | MGL c. 175, §§ 9 and 144 |
| Official Version: | Purchase the official print version |
211 CMR 32.00: (a) permits individual life insurance policies to provide the same cash values and paid-up nonforfeiture benefits to both men and women, without change in minimum valuation standards; and (b) permits the use of mortality tables that reflect differences in mortality between smokers and nonsmokers in determining minimum cash surrender values, paid-up nonforfeiture benefits, and minimum reserve liabilities for plans of insurance with separate premium rates for smokers and nonsmokers.
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