L&HOhiohard
Under R.C. 3903.728, what reserving framework applies to most new individual life policies issued in Ohio after the 2017 operative date?
ANet level premium reserves using the 1980 CSO table only, with no PBR or Valuation Manual requirement
BStatutory minimum reserves equal to cash surrender value
CTax reserves under IRC § 807 with no statutory minimum
Principle-based reserving (PBR) using the Valuation Manual
Why this is the answer
R.C. 3903.728 was updated to incorporate the NAIC Valuation Manual, requiring principle-based reserving (PBR) for most new individual life policies issued in Ohio from the 2017 operative date forward, rather than the older formulaic CRVM approach.
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