Utah Admin. Code R590-95-4 - Rule A
For any life insurance policy on either a male or female delivered or issued for delivery in this state after the operative date under Subsection 31A-22-408(6)(d) for that policy form, at the option of the company, the following substitutions are allowed:
(1) a mortality table
that is a blend of the 1980 CSO Table (M) and the 1980 CSO Table (F) with or
without Ten-Ye a r Select Mortality Factors may be substituted for the 1980 CSO
Table, with or without Ten-Year Select Mortality Factors; and
(2) a mortality table that is of the same
blend as used in Subsection (1) but applied to form a blend of the 1980 CET
Table (M) and the 1980 CET Table (F) may be substituted for the 1980 CET Table
for use in determining minimum cash surrender values and amounts of paid-up
nonforfeiture benefits.
(3) The
following tables are acceptable:
(a) 100% Male
0% Female for tables to be designated as "the 1980 CSO-A" and "1980 CET-A"
tables.
(b) 80% Male 20% Female for
tables to be designated as the "1980 CSO-B" and "1980 CET-B" tables.
(c) 60% Male 40% Female for tables to be
designated as the "1980 CSO-C" and "1980 CET-C" tables.
(d) 50% Male 50% Female for tables to be
designated as the "1980 CSO-D" and "1980 CET-D" tables.
(e) 40% Male 60% Female for tables to be
designated as the "1980 CSO-E" and "1980 CET-E" tables.
(f) 20% Male 80% Female for tables to be
designated as the "1980 CSO-F" and "1980 CET-F" tables.
(g) 0% Male 100% Female for tables to be
designated as the "1980 CSO-G" and "1980 CET-G" tables.
(4) Tables (a) and (g) may not be used with
policies issued on or after January 1, 1985 except where the proportion of
persons insured is anticipated to be 90% or more of one sex or the other or
except for certain policies converted from group insurance. Such group
conversions issued on or after January 1, 1986 must use mortality tables based
on the blend of lives by sex expected for such policies if such group
conversions are considered as extensions of the Norris
decision.
Notes
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