23 CAR § 98-104. Conditions

For each plan of insurance with separate rates for smokers and nonsmokers an insurer may use: (1) Composite mortality tables to determine: (A) Minimum reserve liabilities; (B) Minimum cash surrender values; and (C) Amounts of paid-up nonforfeiture benefits; (2) Smoker and nonsmoker mortality tables to determine the valuation net premiums and additional minimum reserves, if any, required by Arkansas Code § 23-81-211 and use composite mortality tables to determine the: (A) Basic minimum reserves; (B) Minimum cash surrender values; and (C) Amounts of paid-up nonforfeiture benefits; or (3) Smoker and nonsmoker mortality tables to determine: (A) Minimum reserve liabilities; (B) Minimum cash surrender values; and (C) Amounts of paid-up nonforfeiture benefits.