Volume 795, Page 4899 View pdf image |
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PARRIS N. GLENDENING, Governor H.B. 1022 (i) the present midyear value of the promised benefits provided in the (ii) the present midyear value of the future net premiums as they are 1. any value for the right to make extra assessments; or 2. any amount by which the present midyear value of future net certificates. (4) At the option of the society, instead of using the valuation method value that: (i) for certificates issued on or before December 31, 1963, is (ii) for certificates issued after December 31, 1963, may not be less (5) (i) If the premium charged is less than the tabular net premium (ii) The reserve liabilities shall be adjusted properly if the midyear or (b) (1) In this subsection, "guaranteed benefits" means future guaranteed life (2) For the life insurance and endowment benefits of a certificate that (3) (i) For purposes of this subsection, the modified net premiums for a 1. the present value, at the date of issue, of the guaranteed 2. the amount by which the net level annual premium - 4899 -
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Volume 795, Page 4899 View pdf image |
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