760 Ind. Admin. Code 1-32-4
Authority: IC 27-1-3-7
Affected: IC 27-1-12-7; IC 27-1-12-10
Sec. 4.
For any policy of insurance on the life of either a male or female insured delivered or issued for delivery in this state after the operative date of IC 27-1-12-7(dd)(11) for that policy form,
for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits. For any policy using one of the acceptable tables, the same acceptable table may be used in determining the minimum standard of valuation for that policy.
The following tables will be considered as the basis for acceptable tables:
Tables A and G are not to be used with respect to policies issued on or after January 1, 1985, except where the proportion of persons insured is anticipated to be 90% or more of one sex or the other except for certain policies converted from group insurance. Such group conversions issued on or after January 1, 1986, must use mortality tables based on the blend of lives by sex expected for such policies if such group conversions are considered as extensions of the Norris decision. This consideration has not been clearly defined by court or legislative action in all jurisdictions. The values of 1000qx for blended Tables B, C, D, E and F are shown in Appendix I ( 760 IAC 1-32-8) . The letter in Appendix II ( 760 IAC 1-32-9) states the method by which selection factors may be obtained. Table A is the same as 1980 CSO Table (M) and 1980 CET Table (M) and Table G is the same as 1980 CSO Table (F) and 1980 CET Table (F).
760 IAC 1-32-4