La. Admin. Code tit. 37 § XI-2103

Current through Register Vol. 50, No. 9, September 20, 2024

Section XI-2103 - Definitions

1983 GAM Table-that mortality table developed by the Society of Actuaries Committee on Annuities and adopted as a recognized mortality table for annuities in December 1983 by the National Association of Insurance Commissioners.

1983 Table "a"-that mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners.

1994 GAR Table-that mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force. The 1994 GAR table is included in the report on pages 866-867 of volume XLVII of the Transactions of the Society of Actuaries (1995).

2012 IAR Table-that generational mortality table developed by the Society of Actuaries Committee on Life Insurance Research and containing rates, qx 2012+n, derived from a combination of the 2012 IAM period table and projection scale G2, using the methodology stated in §2106

2012 Individual Annuity Mortality Period Life (2012 IAM Period) Table-the period table containing loaded mortality rates for calendar year 2012. This table contains rates, qx 2012, developed by the Society of Actuaries Committee on Life Insurance Research and is shown in §2113. A and B.

Annuity 2000 Mortality Table-that mortality table developed by the Society of Actuaries Committee on Life Insurance Research. The annuity 2000 table is included in the report on page 240 of volume XLVII of the Transactions of the Society of Actuaries (1995).

Generational Mortality Table-a mortality table containing a set of mortality rates that decrease for a given age from one year to the next based on a combination of a period table and a projection scale containing rates of mortality improvement.

Period Table-a table of mortality rates applicable to a given calendar year (the period).

Projection Scale G2 (Scale G2)-is a table of annual rates, G2x, of mortality improvement by age for projecting future mortality rates beyond calendar year 2012. This table was developed by the Society of Actuaries Committee on Life Insurance Research and is shown in §2113. C and D.

La. Admin. Code tit. 37, § XI-2103

Promulgated by the Department of Insurance, Commissioner of Insurance, LR 11:1089 (November 1985), amended LR 24:2281 (December 1998), amended by the Department of Insurance, Office of the Commissioner, LR 40:1702 (September 2014).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:753.