L&HMAmedium
In Massachusetts, the Standard Valuation Law governing minimum reserve standards for life insurers BEST complements which other foundational c. 175 statute?
AThe rehabilitation framework at M.G.L. c. 175 §180A
The Standard Nonforfeiture Law at M.G.L. c. 175 §144
CThe holding company act at M.G.L. c. 175 §206C
DThe required life policy provisions at M.G.L. c. 175 §132
Why this is the answer
The Massachusetts Standard Valuation Law sets minimum reserve standards that an insurer must hold against in-force life policies, while the Standard Nonforfeiture Law at M.G.L. c. 175 §144 sets the policyowner's minimum equitable values on lapse or surrender.
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