W. Va. Code R. § 114-69-3

Current through Register Vol. XLII, No. 1, January 3, 2025

Section 114-69-3 - 2001 CSO Mortality Table

3.1. At the election of the company for any one or more specified plans of insurance and subject to the conditions stated in this rule, the 2001 CSO Mortality Table may be used as the minimum standard for policies issued on or after the effective date of this rule and before the date specified in subsection 3.2 of this rule to which W. Va. Code §§ 33-7-9(d)(1)(C) (iii) and 33-13-30(4c)(h)(vii) and subsections 4.1 and 4.2 of WV 114 CSR 68 are applicable. If the company elects to use the 2001 CSO Mortality Table, it shall do so for both valuation and nonforfeiture purposes.

3.2. Subject to the conditions stated in this rule, the 2001 CSO Mortality Table shall be used in determining minimum standards for policies issued on and after January 1, 2009, to which W. Va. Code §§ 33-7-9(d)(1)(C) (iii) and 33-13-30(4c)(h)(vii) and subsections 4.1 and 4.2 of WV 114 CSR 68 are applicable.