(A) - As respects Life Policies and Annuities.
Rule for valuing an Annuity.
An annuity shall be valued according to the tables used by the company which granted such annuity at the time of granting the same, and, where such tables cannot be ascertained or adopted to the satisfaction of the court, then according to such rate of interest and table of mortality as the court may direct.
Rule for valuing a Policy.
The value of the policy is to be the difference between the present value of the reversion in the sum assured according to the contingency upon which it is payable, including any bonus or addition thereto made before the commencement of the winding up, and the present value of the future annual premiums.
In calculating such present values interest is to be assumed at such rate, and the rate of mortality according to such tables, as the court may direct.
The premium to be calculated is to be such premium as according to the said rate of interest and rate of mortality is sufficient
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