14 Va. Admin. Code § 5-50-20

Current through Register Vol. 40, No. 22, June 17, 2024

Section 14VAC5-50-20 - Definitions

As used in this chapter (14VAC5-50-10 et seq.):

"1983 Group Annuity Mortality Table" and "1983 GAM Table" mean that mortality table developed by the Society of Actuaries Committee on Annuities and adopted as a recognized mortality table for annuities in December 1983 by the National Association of Insurance Commissioners.

"1983 Table "a'" means that mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners.

"1994 Group Annuity Reserving Table" and "1994 GAR Table" mean that mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force and adopted as a recognized mortality table for annuities in December 1995 by the National Association of Insurance Commissioners.

"Annuity 2000 Mortality Table" means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research and adopted as a recognized mortality table in December 1996 by the National Association of Insurance Commissioners.

14 Va. Admin. Code § 5-50-20

Derived from Regulation No. 27, Case No. INS850208 § 3, eff. December 31, 1985; amended, Virginia Register Volume 14, Issue 3, eff. October 15, 1997.

Statutory Authority

§ 12.1-13 of the Code of Virginia.