Current through October 31, 2024
Rule 19-2-6.03 - DefinitionsA. As used in this Regulation, "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 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioners 1980 Standard Ordinary Mortality Table, with or without Ten Year Select Mortality Factors.B. As used in this Regulation, "1980 CSO Table (M), with or without Ten-Year Select Mortality Factors.C. As used in this Regulation, "1980 CSO Table (F), with our 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.D. As used in this Regulation, "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 Ordinary Life Insurance, incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioner 1980 Extended Term Insurance Table.E. As used in this Rule, "1980 CET Table (M) means that mortality table consisting of the rates of mortality for male lives from the 1980 CET Table.F. As used in this Rule, "1980 CET Table (F) means that mortality table consisting of the rates of mortality for female lives from the 1980 CET Table.G. As used in this regulation, "1980 CSO and 1980 CET Smoker and Non-Smoker Mortality Tables" mean the mortality tables with separate rates and mortality for smokers and non-smokers derived from the 1980 CSO and 1980 CET Mortality Tables by the Society of Actuaries Task Force on Smoker/Non-Smoker Mortality and Adopted by the NAIC in December 1983.Miss. Code Ann. § 83-7-25 (Rev. 2011)