Standards for Valuation of Pre-Need Plan Reserves

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SEC MEMORANDUM CIRCULAR NO. 6: Standards for Valuation of Pre-Need Plan Reserves

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Title Source: Supreme Court: Standards for Valuation of Pre-Need Plan Reserves

Law: Sec Memorandum Circular No. 6

Decision Date: Apr 10, 2003

SEC Memorandum Circular No. 6, s. 2003 establishes standards for the valuation of actuarial reserve liabilities for pre-need plans, requiring companies to set up separate liability accounts for guaranteed benefits and insurance premiums while adhering to specific actuarial methods and assumptions.

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