The Internal Revenue Service has published a new batch of interest rate assumptions that insurers can use in reserve computations.
The IRS has posted the new assumptions in Revenue Ruling 2010-07.
Insurance companies can use the new rates for tax years beginning after Dec. 31, 2008, to compute reserves for:
- Life insurance and supplementary total and permanent disability benefits.
- Individual annuities and pure endowments.
- Group annuities and pure endowments.