N.M. Admin. Code § 13.9.18.7 - DEFINITIONS
A.
"2001 CSO
Mortality Table" means that mortality table, consisting of separate
rates of mortality for male and female lives, developed by the AAA CSO task
force from the Valuation Basic Mortality Table developed by
the SOA individual life insurance valuation mortality task force, and adopted
by the NAIC in December 2002. The 2001 CSO Mortality Table is
included in the Proceedings of the NAIC, second quarter 2002,
and supplemented by the 2001 CSO Preferred Class Structure Mortality
Table defined in Subsection B of
13.9.18.7 NMAC. Unless the context
indicates otherwise, the 2001 CSO Mortality Table includes
both the ultimate form of that table and the select and ultimate form of that
table and includes both the Smoker and Nonsmoker Mortality
Tables and the Composite Mortality Tables. It also
includes both the age-nearest-birthday and age-last-birthday bases of the
mortality tables. Mortality tables in the 2001 CSO Mortality
Table include the following:
(1)
"2001 CSO Mortality Table (F)" means that mortality table
consisting of the rates of mortality for female lives from the 2001 CSO
Mortality Table;
(2)
"2001 CSO Mortality Table (M)" means that mortality table
consisting of the rates of mortality for male lives from the 2001 CSO
Mortality Table;
(3)
"Composite Mortality Tables" means mortality tables with rates of
mortality that do not distinguish between smokers and nonsmokers; and
(4)
"Smoker and Nonsmoker Mortality
Tables" means mortality tables with separate rates of mortality for
smokers and nonsmokers.
B.
"2001 CSO Preferred Class Structure
Mortality Table" means mortality tables with separate rates of mortality
for super preferred nonsmokers, preferred nonsmokers, residual standard
nonsmokers, preferred smokers, and residual standard smoker splits of the
2001 CSO Nonsmoker and Smoker Tables as adopted by the at the
September, 2006 national meeting and published in the Proceedings of
the NAIC, third quarter 2006. Unless the context indicates otherwise,
the 2001 CSO Preferred Class Structure Mortality Table
includes both the ultimate form of that table and the select and ultimate form
of that table. It includes both the Smoker and Nonsmoker Mortality
Tables. It includes both the male and female mortality tables and the
gender composite mortality tables. It also includes both the
age-nearest-birthday and age-last-birthday bases of the mortality
table.
C.
"AAA" means
the American academy of actuaries.
D.
"CSO" means commissioners
standard ordinary.
E.
"NAIC" means the national association of insurance
commissioners.
F.
"SOA" means the society of actuaries.
G.
"Statistical agent" means an
entity with proven systems for protecting the confidentiality of individual
insured and insurer information, demonstrated resources for and history of
ongoing electronic communications and data transfer ensuring data integrity
with insurers, which are its members or subscribers and a history of and means
for aggregation of data and accurate promulgation of the experience
modifications in a timely manner.
H.
"Superintendent" means the
superintendent of insurance, the office of superintendent of insurance or
employees of the office of superintendent of insurance acting within the scope
of the superintendent's official duties and with the superintendent's
authorization.
Notes
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