N.D. Admin. Code 45-04-08-02.1

Current through Supplement No. 394, October, 2024

Section 45-04-08-02.1 - Application of the 2012 IAR Mortality Table

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

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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 = 07.41.

q_x²⁰¹³ = Q741 * (1 - 0.010) ^ 1 = 0.73358, 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_x 2013 * (1 - 0.010), or 0.734 * 0.99 = 07.27. It is incorrect to use the already rounded q_x 2013 to calculate q_x²⁰¹⁴.

N.D. Admin Code 45-04-08-02.1

Adopted by Administrative Rules Supplement 2015-358, October 2015, effective 10/1/2015.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 26.1-35