California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 17.3 - Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities
Section 2582.2 - 2001 CSO Preferred Class Structure Mortality Table

At the election of the company, for each calendar year of issue, for any one or more specified plans of insurance and subject to satisfying the conditions stated in this article, the 2001 CSO Preferred Class Structure Mortality Table may be substituted in place of the 2001 CSO Smoker or Nonsmoker Mortality Table as the minimum valuation standard for policies issued on or after January 1, 2007 and, subject to commissioner approval, for policies issued prior to January 1, 2007 which were valued using the 2001 CSO Mortality Table. No such election shall be made until the company demonstrates at least 20% of the business to be valued on this table is in one or more of the preferred classes. A table from the 2001 CSO Preferred Class Structure Mortality Table used in place of a 2001 CSO Mortality Table, pursuant to the requirements of this article, will be treated as part of the 2001 CSO Mortality Table only for purposes of reserve valuation pursuant to the requirements of California Department of Insurance Bulletin No. 2003-05, Recognition of the 2001 CSO Mortality Table for Use in Determining Minimum Reserve Liabilities and Nonforfeiture Benefits (effective January 1, 2004), incorporated by reference herein. Bulletin 2003-05 is applicable except as provided specifically herein.

1. New section filed 12-31-2010; operative 12-31-2010 pursuant to Government Code section 11343.4 (Register 2010, No. 53).

Note: Authority cited: Sections 10489.2 and 11136, Insurance Code. Reference: Sections 10489.2 and 11136, Insurance Code.