28 Tex. Admin. Code § 3.1502 - Definitions
The following words and terms, when used in this subchapter, have the following meanings, unless the context clearly indicates otherwise.
(1) 1983 GAM
Table--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"--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--The 1994 Group Annuity Reserving Table developed by the Society of
Actuaries' Group Annuity Valuation Table Task Force and adopted as a recognized
mortality table for annuities on December 16, 1996, by the National Association
of Insurance Commissioners.
(4)
Annuity 2000 Mortality Table--Mortality table developed by the Society of
Actuaries' Committee on Life Insurance Research and adopted as a recognized
mortality table for annuities on December 16, 1996, by the National Association
of Insurance Commissioners.
(5)
Period Table--Table of mortality rates applicable to a given calendar
year.
(6) Generational Mortality
Table--Mortality table containing a set of mortality rates that decrease for a
given age from one year to the next based on a combination of a Period Table
and a projection scale containing rates of mortality improvement.
(7) 2012 IAR Table--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, using the
methodology stated in §
3.1506 of this title (relating to
Application of the 2012 IAR Mortality Table).
(8) 2012 Individual Annuity Mortality Period
Life (2012 IAM Period) Table--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 Research.
(9) Projection Scale G2 (Scale G2)--Table of
annual rates, G2x, of mortality improvement by age for
projecting future mortality rates beyond calendar year 2012. The Society of
Actuaries' Committee on Life Insurance Research developed this table.
Notes
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