Current through Register Vol. 56, No. 24, December 18, 2024
(a) In
determining minimum cash surrender values, and amounts of paid up nonforfeiture
benefits for any policy of insurance on the life of either a male or female
insured on a form of insurance with separate rates for smokers and nonsmokers
delivered or issued for delivery in this State after the operative date of
N.J.S.A. 17B:25-19h(xi) for that policy form in addition to the mortality
tables that may be used according to
N.J.A.C. 11:4-22.3:
1. A mortality table which is a blend of the
male and female rates of mortality according to the 1980 CSO Smoker Mortality
Table, in the case of lives classified as smokers, or the 1980 CSO Nonsmoker
Mortality Table, in the case of lives classified as nonsmokers, with or without
Ten-year Select Mortality Factors, may at the option of the company be
substituted for the 1980 CSO Table, with or without Ten-Year Select Mortality
Factors; and
2. A mortality table
which is of the same blend as used in (a)1 above but applied to form a blend of
the male and female rates of mortality according to the corresponding 1980 CET
Smoker Mortality Table or 1980 CET Nonsmoker Mortality Table may at the option
of the company be substituted for the 1980 CET Table.
(b) The following describes the blended
Smoker and Nonsmoker Mortality Tables. The tables are contained in Appendix B
to this subchapter.
1. 100 percent Male 0
percent Female smoker tables designated as "1980 CSO-SA" and "1980 CET-SA"
Tables.
2. 80 percent Male 20
percent Female smoker tables designated as "1980 CSO-SB" and "1980 CET-SB"
Tables.
3. 60 percent Male 40
percent Female smoker tables designated as "1980 CSO-SC" and "1980 CET-SC"
Tables.
4. 50 percent Male 50
percent Female smoker tables designated as "1980 CSO-SD" and "1980 CET-SD"
Tables.
5. 40 percent Male 60
percent Female smoker tables designated as "1980 CSO-SE" and "1980 CET-SE"
Tables.
6. 20 percent Male 80
percent Female smoker tables designated as "1980 CSO-SF" and "1980 CET-SF"
Tables.
7. 0 percent Male 100
percent Female smoker tables designated as "1980 CSO-SG" and "1980 CET-SG"
Tables.
8. 100 percent Male 0
percent Female nonsmoker tables designated as "1980 CSO-NA" and "1980 CET-NA"
Tables.
9. 80 percent Male 20
percent Female nonsmoker tables designated as "1980 CSO-NB" and "1980 CET-NB"
Tables.
10. 60 percent Male 40
percent Female nonsmoker tables designated as "1980 CSO-NC" and "1980 CET-NC"
Tables.
11. 50 percent Male 50
percent Female nonsmoker tables designated as "1980 CSO-ND" and "1980 CET-ND"
Tables.
12. 40 percent Male 60
percent Female nonsmoker tables designated as "1980 CSO-NE" and "1980 CET-NE"
Tables.
13. 20 percent Male 80
percent Female nonsmoker tables designated as "1980 CSO-NF" and "1980 CET-NF"
Tables.
14. 0 percent Male 100
percent Female nonsmoker tables designated as "1980 CSO-NG" and "1980 CET-NG"
Tables.
(c) The tables
described in (b)7 and 14 above are not acceptable as blended tables, except
where the proportion of persons insured is anticipated to be 90 percent or more
female.
