Section 3.9106 - Gender-Blended Tables(a) For any ordinary life insurance policy delivered or issued for delivery in this state on and after May 1, 2003, that utilizes the same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit distinctions on the basis of gender, a mortality table that is a blend of the 2001 CSO Mortality Table (M) and the 2001 CSO Mortality Table (F) may, at the option of the company for each plan of insurance, be substituted for the 2001 CSO Mortality Table for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits. No change in minimum valuation standards is implied by this subsection. For any ordinary life insurance policy delivered or issued for delivery in Texas on or after January 1, 2017, the valuation manual adopted under Insurance Code Chapter 425, Subchapter B, provides the applicable mortality tables.(b) The company may choose from among the blended tables developed by the American Academy of Actuaries CSO Task Force and adopted by the National Association of Insurance Commissioners in December 2002. These blended tables are available from the Texas Department of Insurance, Actuarial Office, Financial Regulation Division, MC-FRD, P.O. Box 12030, Austin, Texas 78711-2030 or on the internet by accessing the department's website at www.tdi.texas.gov/reports/life/ficso.html.(c) It is not, in and of itself, a violation of Insurance Code Chapter 541 for an insurer to issue the same kind of policy of life insurance on both a sex-distinct and sex-neutral basis.28 Tex. Admin. Code § 3.9106
The provisions of this §3.9106 adopted to be effective April 14, 2003, 28 TexReg 3056; Amended by Texas Register, Volume 47, Number 18, May 6, 2022, TexReg 2770, eff. 5/11/2022