28 Tex. Admin. Code § 3.9104 - Conditions
(a) For each plan of insurance with separate
rates for smokers and nonsmokers, an insurer may use:
(1) Composite mortality tables to determine
minimum reserve liabilities and minimum cash surrender values and amounts of
paid-up nonforfeiture benefits;
(2)
Smoker and nonsmoker mortality tables to determine the valuation net premiums
and additional minimum reserves, if any, required by Insurance Code §
425.068, and use
composite mortality tables to determine the basic minimum reserves, minimum
cash surrender values, and amounts of paid-up nonforfeiture benefits;
or
(3) Smoker and nonsmoker
mortality tables to determine minimum reserve liabilities and minimum cash
surrender values and amounts of paid-up nonforfeiture benefits.
(b) For plans of insurance without
separate rates for smokers and nonsmokers, the composite mortality tables must
be used.
(c) For the purpose of
determining minimum reserve liabilities and minimum cash surrender values and
amounts of paid-up nonforfeiture benefits, the 2001 CSO Mortality Table may, at
the option of the company for each plan of insurance, be used in its ultimate
or select and ultimate form, subject to the restrictions of §
3.9105 of this title (relating to
Applicability of the 2001 CSO Mortality Table to Chapter 3, Subchapter EE of
this Title) relative to use of the select and ultimate form.
Notes
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