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 39.05 - Group Annuity or Pure Endowment Contracts
Current through Register 1531, September 27, 2024
(1) Except as provided in 211 CMR 39.05(2) and (3), the 1983 GAM Table, the 1983 Table "a" and the 1994 GAR Table are recognized and approved as group annuity mortality tables for valuation and, at the option of the company, any one of these tables may be used for purposes of valuation for an annuity or pure endowment purchased on or after June, 1982 under a group annuity or pure endowment contract.
(2) Except as provided in 211 CMR 39.05(3), either the 1983 GAM Table or the 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after December 19, 1996 under a group annuity or pure endowment contract.
(3) The 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after January 1, 2001 under a group annuity or pure endowment contract.