A. For any policy of insurance on the life of
either a male of female insured delivered or issued for delivery in this state
after the operative date of Section
83-7-25(5-c)(K)
for that policy form.
1. a mortality table
which is a blend of the 1980 CSO Table (M) and the 1980 CSO Table (F) with or
without Ten-Year Select Mortality Factors may at the option of the company be
substituted for the 1980 CET Table, with or without Ten-Year Select Mortality
Factors, and
2. a mortality table
which is of the same blend as used in (i) but applied to form a blend of the
1980 CET Table (M) and the 1980 CET Table (F) may at the option of the company
be substituted for the 1980 CET Table for use in determining minimum cash
surrender values and amounts of paid-up nonforfeiture benefits.
B. The following tables will be
considered as the basis for acceptable tables:
1. 100% Male 0% Female for tables to be
designed as the "1980 CSO-A" and "1980 CET-A" tables.
2. 80% Male 20% Female for tables to be
designated as the "1980 CSO-B" and "1980 CET-B" tables.
3. 60% Male 40% Female for tables to be
designated as the "1980 CSO-C" and "1980 CET-C" tables.
4. 50% Male 50% Female for tables to be
designated as the "1980 CSO-D" and "1980 CET-D" tables.
5. 40% Male 60% Female for tables to be
designated as the "1980 CSO-E" and "1980 CET-E" tables.
6. 20% Male 80% Female for tables to be
designated as the "1980 CSO-F" and "1980 CET-F" tables.
7. 0% Male 100% Female for tables to be
designated as the "1980 CSO-G" and "1980 CET-G" tables.
Tables 1 and 7 are not to be used with respect to policies
issued on or after January 1, 1985, except where the proportion of persons
insured is anticipated to be 90% or more of one sex or the other or except for
certain policies converted from group insurance. Such group conversions issued
on or after January 1, 1986 must use Mortality Tables based on the blend of
lives by sex expected for such policies if such group conversions are
considered as extensions of the Norris decision. This consideration has not
been clearly defined by court or legislative action in all jurisdictions. The
values of 1000 qx for blended Tables 2, 3, 4, 5 and 6 are shown in Appendix I.
The letter of Appendix II states the method by which selection factors may be
obtained. Table 1 is the same as 1980 CSO Table (M) and 1980 CET Table (M) and
Table 7 is the same as 1980 CSO Table (F) and 1980 CET Table
(F).
