ordinary life insurance policy delivered or issued for delivery in this state
on and after January 1,2004, 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 non-forfeiture benefits. No change
in minimum valuation standards is implied by
(2) The company may choose from among the
blended tables developed by the American Academy of Actuaries CSO Task Force
and adopted by the NAIC in December 2002.
(3) It shall not,in and of it self,be a
violation of M.G.L. c. 176D for an insurer to issue the same kind of policy of
life insurance on both a gender distinct and a gender neutral basis.