Ala. Admin. Code r. 482-1-130-.05 - Conditions
(1) At the election
of the company for any one or more specified plans of insurance and subject to
the conditions stated in this chapter, the 2001 CSO Mortality Table may be used
as the minimum standard for policies issued on or after January 1, 2004, and
before the date specified in Paragraph (2) to which Sections
27-15-28,
27-15-28.1,
and
27-36-7,
Code of Ala. 1975, and Chapter 482-1-120 are
applicable. If the company elects to use the 2001 CSO Mortality Table, it shall
do so for both valuation and nonforfeiture purposes.
(2) Subject to the conditions stated in this
chapter, the 2001 CSO Mortality Table shall be used in determining minimum
standards for policies issued on and after January 1, 2009, to which Sections
27-15-28,
27-15-28.1,
and
27-36-7,
Code of Ala. 1975, and Chapter 482-1-120 are
applicable.
Author: Commissioner of Insurance
Notes
Statutory Authority: Code of Ala. 1975, ยงยง 27-2-17, 27-15-28, 27-15-28.1, 27-36-7.
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