33-2-536. Undeterminable reserves -- rules by commissioner. If a plan of life insurance provides for future premium determination the amounts of which are to be determined by the insurance company based on current estimates of future experience or if a plan of life insurance or annuity is of such a nature that the minimum reserves cannot be determined by the methods described in 33-2-525 and 33-2-526, the reserves that are held under any such plan must, as determined by regulations promulgated by the commissioner:
     (1) be appropriate in relation to the benefits and the pattern of premiums for that plan; and
     (2) be computed by a method which is consistent with the principles of 33-2-521 through 33-2-526 and 33-2-531 through 33-2-535 and 33-2-527 through 33-2-529.

     History: En. Sec. 8, Ch. 520, L. 1983.