210 Neb. Admin. Code, ch. 42, § 005 - Group annuity or pure endowment contracts

005.01 Except as provided in subsections 005.02 and 005.03 of this section, the 1983 GAM Table, the 1983 Table "a" and the 1994 GAR Table are recognized and approved as group annuity mortality tables for valuation and, at the option of the company, any one of these tables may be used for purposes of valuation for any annuity or pure endowment purchased on or after August 24, 1979 under a group annuity or pure endowment contract.

005.02 Except as provided in subsection 005.03 of this section, either the 1983 GAM Table or the 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after January 1, 1987 under a group annuity or pure endowment contract.

005.03 The 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after January 1, 1999 under a group annuity or pure endowment contract.

Notes

210 Neb. Admin. Code, ch. 42, § 005