Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 39.00 - Annuity Mortality Tables for Use in Determining Reserve Liabilities for Annuities
Section 39.02 - Definitions

Universal Citation: 211 MA Code of Regs 211.39

Current through Register 1531, September 27, 2024

(1) As used in 211 CMR 39.00, 1983 Table "a " means that mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners.

(2) As used in 211 CMR 39.001983 GAM Table means that mortality table developed by the Society of Actuaries Committee on Annuities and adopted as a recognized mortality table for annuities in December 1983 by the National Association of Insurance Commissioners.

(3) As used in 211 CMR 39.001994 GAR Table means that mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force and shown on pages 866-867 of Volume XLVII of the Transactions of the Society of Actuaries (1995).

(4) As used in 211 CMR 39.00Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research and shown on page 240 of Volume XLVII of the Transactions of the Society of Actuaries (1995).

(5) As used in 211 CMR 39.00Period Table means a table of mortality rates applicable to a given calendar year (the Period).

(6) As used in 211 CMR 39.00Generational Mortality Table means a mortality table containing a set of mortality rates that decrease for a given age from one year to the next based on a combination of a Period table and a projection scale containing rates of mortality improvement.

(7) As used in 211 CMR 39.002012 IAR Mortality Table means that Generational mortality table developed by the Society of Actuaries Committee on Life Insurance Research and containing rates, qx2012+n, derived from a combination of the 2012 IAM Period table and Projection Scale G2, using the methodology stated in 211 CMR 39.04.

(8) As used in 211 CMR 39.002012 Individual Annuity Mortality Period Life (2012 IAM Period) Table means the Period table containing loaded mortality rates for calendar year 2012. This table contains rates, qx2012, developed by the Society of Actuaries Committee on Life Insurance Research.

(9) As used in 211 CMR 39.00Projection Scale G2 (Scale G2) is a table of annual rates, G2x, of mortality improvement by age for projecting future mortality rates beyond calendar year 2012. This table was developed by the Society of Actuaries Committee on Life Insurance Research.

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