Illinois Administrative Code
Title 50 - INSURANCE
Part 1413 - RECOGNITION OF 2001 CSO PREFERRED CLASS STRUCTURE MORTALITY TABLES FOR USE IN DETERMINING MINIMUM RESERVE LIABILITIES
Section 1413.10 - Purpose
Universal Citation: 50 IL Admin Code ยง 1413.10
Current through Register Vol. 48, No. 12, March 22, 2024
The purpose of this Part is to recognize, permit and prescribe the use of mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with Section 223(3)(a)(i) of the Illinois Insurance Code [215 ILCS 5/223(3)(a)(i) ] and for use under 50 Ill. Adm. Code 1409.40(a) and (b).
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