Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-39 - LIFE AND ANNUITY TABLES
Rule 120-2-39-.01 - Authority and Purpose
Universal Citation: GA Rules and Regs r 120-2-39-.01
Current through Rules and Regulations filed through September 23, 2024
This rule is promulgated by the Commissioner of Insurance pursuant to authority set forth in O.C.G.A. Sections 33-2-9 and 33-10-13. The purpose of this Regulatory Chapter is to recognize the following mortality tables for use in determining the minimum standard of valuation for annuity and pure endowment contracts: the 1983 Table "a," the 1983 Group Annuity Mortality (1983 GAM) Table, the Annuity 2000 Mortality Table, the 2012 Individual Annuity Reserving (2012 IAR) Table, and the 1994 Group Annuity Reserving (1994 GAR) Table and the Unisex Life Mortality Tables.
O.C.G.A. Secs. 33-2-9, 33-10-13.
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