La. Admin. Code tit. 37 § XI-2106

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

Section XI-2106 - Application of the 2012 IAR Mortality Table

A. In using the 2012 IAR mortality table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:

Click Here To View Image

The resulting q_x²⁰¹²⁺ⁿ shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also, the rounding shall occur according to the formula above, starting at the 2012 period table rate. For example, for a male age 30, q_x²⁰¹²= 0.741. q_x²⁰¹³= 0.741 * (1 0.010) ^ 1 = 0.73359, which is rounded to 0.734. q_x²⁰¹⁴= 0.741 * (1 0.010) ^ 2 = 0.7262541, which is rounded to 0.726. A method leading to incorrect rounding would be to calculate q_x²⁰¹⁴ as q_x²⁰¹³ * (1 0.010), or 0.734 * 0.99 = 0.727. It is incorrect to use the already rounded q_x²⁰¹³ to calculate q_x²⁰¹⁴.

La. Admin. Code tit. 37, § XI-2106

Promulgated by the Department of Insurance, Office of the Commissioner, LR 40:1703 (September 2014).

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