SUBJECT: VALUATION AND POLICY LOAN INTEREST RATES
DATE: September 1, 1981
Nebraska Legislative Bill 355, passed during the 1981 legislative session, contains references to a monthly bond yield average which is published by a national financial statistical organization, recognized by the National Association of Insurance Commisioners, in current general use in the insurance industry, and designated by the Director of Insurance.
These references are contained in Sections 1 and 15 of Legislative Bill 355. These sections amend the Nebraska valuation and policy loan interest rate laws.
Until further notice, the monthly bond yield average designated by the Director of Insurance shall be the Moody's Corporate Bond Yield Average - Monthly Average Corporates as published by Moody's Investors Service, Inc.
Walter D. Weaver
DIRECTOR OF INSURANCE