Sec. 94.11. Grading to higher reserves

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Where the requirements of this Part produce higher reserves than those calculated for the 2002 year-end valuation, the insurer may linearly interpolate between the higher reserves required by this Part and the lower reserves based on the standards used for 2002 year-end as follows:
(a) 25 percent and 75 percent, respectively, starting with year-end 2003;
(b) 50 percent and 50 percent, respectively, starting with year-end 2004;
(c) 75 percent and 25 percent, respectively, starting with year-end 2005; and
(d) the insurer shall hold the full amount of such higher reserves starting with year-end 2006.

                    
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