N.D. Admin Code 45-04-08-01 - Definitions

As used in this chapter:

1. "1983 GAM Table" means that mortality table developed by the society of actuaries committee on annuities and adopted as a recognized mortality table for annuities in December 1983 by the national association of insurance commissioners.
2. "1983 Table 'a'" means that mortality table developed by the society of actuaries committee to recommend a new mortality basis for individual annuity valuation and adopted as a recognized mortality table for annuities in June 1982 by the national association of insurance commissioners.
3. "1994 GAR Table" means that mortality table developed by the society of actuaries group annuity valuation table task force and shown at XLVII transactions of the society of actuaries 866-867 (1995).
4. "2012 IAR Table" means that generational mortality table developed by the society of actuaries committee on life insurance research and containing rates, qx2012+n, derived from a combination of the 2012 IAM Period Table and Projection Scale G2.
5. "2012 Individual Annuity Mortality Period Life (2012 IAM Period) Table" or "2012 IAM Period Table" means the period table containing loaded mortality rates for calendar year 2012. This table contains rates, qx2012 developed by the society of actuaries committee on life insurance.
6. "Annuity 2000 Mortality Table" means that mortality table developed by the society of actuaries committee on life insurance research and shown at XLVII transactions of the society of actuaries 240 (1995).
7. "Projection Scale G2 (Scale G2)" is a table of annual rates. G2x, of which mortality improvement by age for projecting future mortality rates beyond calendar year 2012. This table was developed by the society of actuaries committee on life insurance research.

Notes

N.D. Admin Code 45-04-08-01
Effective January 1, 1985; amended effective September 1, 1999. Amended by Administrative Rules Supplement 2015-358, October 2015, effective 10/1/2015.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 26.1-35

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