NAC688A.415. “Determinable elements” defined.

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“Determinable elements” means the elements under an annuity that are guaranteed at the time the annuity is issued, but the values of which cannot be determined until after the annuity is issued. A determinable element is calculated using other determinable elements or a combination of determinable elements and guaranteed elements. The term includes, without limitation, premiums, benefits, values, noninterest-based credits, credited interest rates, bonuses and charges.

(Added to NAC by Comm’r of Insurance by R076-05, eff. 2-23-2006)

                    
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