§ 43.1. Life insurance benefits.
Beneficial societies subject to section 5 of the act of June 4, 1937 (P. L. 1643, No. 342) (40 P. S. § 1105) shall maintain reserves on life insurance benefits provided in certificates issued on and after January 1, 1948; which may not be less than reserves based on either of the following standards:
(1) The American Experience Table of Mortality or the old Standard Industrial Table of Mortality with interest assumption not to exceed 3.5% per annum. The reserves shall be computed by the net level premium method or by any standard modification thereof (such as the Illinois Standard Modification).
(2) The Commissioners’ 1941 Standard Ordinary Table of Mortality or the 1941 Standard Industrial Table of Mortality with interest assumption not to exceed 3% per annum. The reserves shall be computed by the Commissioners’ reserve valuation method.
This section cited in 31 Pa. Code § 43.2 (relating to manner of computation).
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