Regulatory Alerts2021-11-10
RF.S.5.7 Minimum Benefits That a Fund Must Provide
The regulator issued regulation RF.S.5.7 to mandate minimum benefit allocations for all registered funds. This requirement establishes baseline coverage thresholds that funds must maintain, directly impacting policyholder payouts and fund reserve calculations. The updated standard took effect in October 2024, requiring funds to adjust their benefit schedules and submit compliance reports accordingly.
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