Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 05 - ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS
Chapter 31.05.05 - Valuation Standards for Group Annuity and Pure Endowment Contracts
Section 31.05.05.02 - Definitions
Universal Citation: MD Code Reg 31.05.05.02
Current through Register Vol. 51, No. 19, September 20, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "1983 GAM Tables" means the mortality tables:
(a) Developed by the Society of Actuaries Committee on Annuities;
(b) Adopted as a recognized mortality table for annuities in December 1983 by the National Association of Insurance Commissioners; and
(c) Set out in Regulation .03 of this chapter.
(2) "1983 Table \a' " means the mortality table:
(a) Developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation;
(b) Adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners; and
(c) Set out in COMAR 31.05.04.03A.
(3) "1994 GAR Table" means the mortality table:
(a) Developed by the Society of Actuaries Group Annuity Valuation Table Task Force; and
(b) Set out in Regulation .04 of this chapter.
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