Naic Standard Valuation Law National Association Of Insurance Commissioners

Definition of "Naic: standard valuation law national association of insurance commissioners"

Lyndi Nickerson
Lyndi Nickerson Weichert Realtors

Law that stipulates the minimum reserve the life insurance company must maintain for its life insurance policies and annuity contracts. This law was first developed by the NAIC as a method of calculation for reserves that would incorporate the first-year expenses incurred by the insurance company.

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