Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 280. Rules Establishing Standards for Life, Annuity, and Accident and Sickness Reinsurance Agreements

14VAC5-280-70:2. Exhibit 2. Sample Formula for Determining Reserve Interest Rate Adjustment

(Terms and data are as defined in the NAIC Annual Statement blank)

Rate =

2 (I + CG)

X + Y - I - CG

Where: I is the net investment income

CG is realized and unrealized capital gains less realized and unrealized capital losses

X is the current year cash and invested assets plus investment income due and accrued less borrowed money

Y is the same as X but for the prior year

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