Ga. Comp. R. & Regs. 120-2-39-.01

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-39-.01 - Authority and Purpose

This rule is promulgated by the Commissioner of Insurance pursuant to authority set forth in O.C.G.A. Sections 33-2-9 and 33-10-13. The purpose of this Regulatory Chapter is to recognize the following mortality tables for use in determining the minimum standard of valuation for annuity and pure endowment contracts: the 1983 Table "a," the 1983 Group Annuity Mortality (1983 GAM) Table, the Annuity 2000 Mortality Table, the 2012 Individual Annuity Reserving (2012 IAR) Table, and the 1994 Group Annuity Reserving (1994 GAR) Table and the Unisex Life Mortality Tables.

Ga. Comp. R. & Regs. R. 120-2-39-.01

O.C.G.A. Secs. 33-2-9, 33-10-13.

Original Rule entitled "Authority" adopted. F. Dec. 7, 1984; eff. Jan. 1, 1985, as specified by the Agency.

Repealed: New Rule entitled "Annuity Mortality Tables" adopted. F. Jan. 14, 1987; eff. Feb. 15, 1987, as specified by the Agency.

Submitted for Publishing: Mar. 15, 2007.

Repealed: New Rule entitled "Authority and Purpose" adopted. F. Oct. 8, 2014; eff. Jan. 1, 2015, as specified by the Agency.