N.J. Admin. Code § 11:4-22.2
The following words and terms when used in this subchapter shall have the following meanings:
"1980 CSO Table, with or without Ten Year Select Mortality Factors" means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance, incorporated in the 1980 National Association of Insurance Commissioners (NAIC) Amendments to the Model Standard Valuation Law and Model Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioner's 1980 Standard Ordinary Mortality Table, with or without Ten-Year Select Mortality Factors.
"1980 CSO Table (M), with or without Ten-Year Select Mortality Factors" means that mortality table consisting of the rates of mortality for male lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors.
"1980 CSO Table (F), with or without Ten-Year Select Mortality Factors" means that mortality table consisting of the rates of mortality for female lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors.
"1980 CET Table" means that mortality table consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance, incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Model Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioner's 1980 Extended Term Insurance Table.
"1980 CET Table (M)" means that mortality table consisting of the rates of mortality for male lives from the 1980 CET Table.
"1980 CET Table (F)" means that mortality table consisting of the rates of mortality for female lives from the 1980 CET Table.
"1980 CSO and 1980 CET Smoker and Nonsmoker Mortality Tables" mean the mortality tables with separate rates of mortality for smokers and nonsmokers derived from the 1980 CSO and 1980 CET Mortality Tables by the Society of Actuaries Task Force on Smoker/Nonsmoker Mortality and adopted by the NAIC in December 1983.
"Non-Norris market" means all employer-based plans not included within the definition of "Norris market" set forth in this subchapter.
"Norris market" means all employer-based plans subject to the holding of the 1983 Arizona Governing Committee v. Norris United States Supreme Court decision ( 463 U.S. 1073 ).
N.J. Admin. Code § 11:4-22.2
See: 19 New Jersey Register 1399(a), 19 New Jersey Register 1814(a).
Added definition "1980 CSO and 1980 CET Smoker and Nonsmoker Mortality Tables".
Amended by R.1996 d.148, effective 3/18/1996.
See: 27 New Jersey Register 3717(a), 28 New Jersey Register 1545(a).
Added "Norris market" and "Non-Norris market".