Maine Revised Statutes Title 24-A Sec. 952-B – Applicability of reserving methodologies
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Terms Used In Maine Revised Statutes Title 24-A Sec. 952-B
- Contract: A legal written agreement that becomes binding when signed.
- Valuation manual: means the manual of valuation instructions adopted by the NAIC as specified in section 959. See Maine Revised Statutes Title 24-A Sec. 951-A
Sections 953 to 958?A do not apply to a policy or contract that is issued on or after the operative date of the valuation manual and is subject to section 959, unless those sections are made applicable by reference in whole or part in the valuation manual. [PL 2013, c. 238, Pt. C, §6 (NEW).]
SECTION HISTORY
PL 2013, c. 238, Pt. C, §6 (NEW).