Ohio Code § 3921.25

§ 3921.25.

(A) The standards of valuation for certificates that are delivered or issued for delivery

in this state on or after January 1, 1997, but prior to January 1, 1998, shall be

those standards that would have applied under the laws in effect on December 31, 1996. (B) The minimum standards of valuation for certificates of life insurance, annuity and

pure endowment certificates, total and permanent disability benefit certificates,

accidental death benefit certificates, and noncancelable accident and health benefit

certificates, that are delivered or issued for delivery in this state on or after

January 1, 1998, shall comply with the valuation methods and standards, including

interest assumptions, that are applicable to life insurers that issue policies containing

like benefits. (C) The superintendent of insurance may, in the superintendent's discretion, accept other

standards for valuation if the superintendent finds that the reserves produced by

such standards will not be less in the aggregate than reserves computed in accordance

with the minimum valuation standards prescribed in this section.  The superintendent may, in the superintendent's discretion, vary the standards of

mortality applicable to all benefit contracts on substandard lives or other extra

hazardous lives by any society authorized to do business in this state. (D) Any society, with the consent of the supervising insurance official of its state

of domicile and under any conditions that the superintendent may impose, may establish

and maintain reserves on its certificates in excess of the reserves required, provided

that the contractual rights of any benefit member are not affected by such action.