ValuationClassType

Description
Valuation Class Type

Type : OLI_LU_VALCLASS
DescriptionNameValue
Accident onlyOLI_VALCLASS_ACCIDENTONLY13
Collectively RenewableOLI_VALCLASS_COLLECTRENEW9
Decreasing TermOLI_VALCLASS_DECREASINGTERM7
EndowmentOLI_VALCLASS_ENDOWMENT3
Family PlanOLI_VALCLASS_FAMILYPLAN5
Guaranteed RenewableOLI_VALCLASS_GUARRENEW11
Immediate AnnuityOLI_VALCLASS_IMMEDANNUITY15
Income EndowmentOLI_VALCLASS_INCOMEENDOW4
Level TermOLI_VALCLASS_LEVELTERM6
LifeOLI_VALCLASS_LIFE2
Non-cancelableOLI_VALCLASS_NONCANCELABLE10
Nonrenewable for Stated ReasonsOLI_VALCLASS_NONRENEWABLE12
OtherOLI_OTHER2147483647
Other TermOLI_VALCLASS_OTHERTERM8
Return of PremOLI_VALCLASS_RETURNPREM1
Supplemental Contract involving life contingenciesOLI_VALCLASS_SUPPCONTRACTILC17
Supplemental Contract not involving life contingenciesOLI_VALCLASS_SUPPCONTRACTNILC16
UnknownOLI_UNKNOWN0

Definition
Identifies basic type of insurance. Valuation Class Type is needed to identify the product category used to determine policy reserves assembled in exhibits in the Annual Statement. Such exhibits provide reserves by type of coverage including life insurance, annuity, supplementary contracts with life contingencies, etc. The product category is required to determine those reserve calculations that represent the amount an insurer estimates it will need to pay policy benefits as they come due.

Parents
Annuity Coverage CoverageProduct CovOptionProduct DisabilityHealth PolicyProduct Rider RiderProduct