Section R590-95-5 - Rule BIn determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits for any life insurance policy on either a male or female on a policy form with separate rates for smokers and nonsmokers delivered or issued for delivery in this state after the operative date under Subsection 31A-22-408 -(6)(d) for that policy form, at the option of the company, in addition to substitutions allowed under Section R590-95-4, the following substitutions are allowed:
(1) a mortality table that is a blend of the male and female rates of mortality according to the 1980 CSO Smoker Mortality Table, in the case of lives classified as smokers, or the 1980 CSO Nonsmoker Mortality Table, in the case of lives classified as nonsmokers, with or without Ten-Year Select Mortality Factors, may be substituted for the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and(2) a mortality table that is of the same blend as used in Subsection (1) but applied to form a blend of the male and female rates of mortality according to the corresponding 1980 CET Smoker Mortality Table or 1980 CET Nonsmoker Mortality Table may be substituted for the 1980 CET Table.(3) The following blended mortality tables are acceptable:(a) SA: 100% Male 0% Female smoker tables designated as "1980 CSO-SA" and "1980 CET-SA" tables.(b) SB: 80% Male 20% Female smoker tables designated as "1980 CSO-SB" and "1980 CET-SB" tables.(c) SC: 60% Male 40% Female smoker tables designated as "1980 CSO-SC" and "1980 CET-SC" tables.(d) SD: 50% Male 50% Female smoker tables designated as "1980 CSO-SD" and "1980 CET-SD" tables.(e) SE: 40% Male 60% Female smoker tables designated as "1980 CSO-SE" and "1980 CET-SE" tables.(f) SF: 20% Male 80% Female smoker tables designated as "1980 CSO-SF" and "1980 CET-SE" tables.(g) SG: 0% Male 100% Female smoker tables designated as "1980 CSO-SG" and 1980 CET-SG" tables.(h) NA: 100% Male 0% Female nonsmoker tables designated as "1980 CSO-NA" and "1980 CET-NA" tables.(i) NB: 80% Male 20% Female nonsmoker tables designated as "1980 CSO-NB" and "1980 CET-NB" tables.(j) NC: 60% Male 40% Female nonsmoker tables designated as "1980 CSO-NC" and "1980 CET-NC" tables.(k) ND: 50% Male 50% Female nonsmoker tables designated as "1980 CSO-ND" and "1980 CET-ND" tables.(l) NE: 40% Male 60% Female nonsmoker tables designated as "1980 CSO-NE" and "1980 CET-NE" tables.(m) NF: 20% Male 80% Female nonsmoker tables designated as "1980 CSO-NF" and "1980 CET-NF" tables.(n) NG: 0% Male 100% Female nonsmoker tables designated as "1980 CSO-NG" and "1980 CET-NG" tables.(4) Tables (a), (g), (h), and (n) are not acceptable as blended tables unless the proportion of persons insured is anticipated to be 90% or more of one sex or the other.Utah Admin. Code R590-95-5
Amended by Utah State Bulletin Number 2021-19, effective 9/22/2021