New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 10 - HEALTH INSURANCE
Part 14 - MINIMUM RESERVE STANDARDS FOR INDIVIDUAL AND GROUP HEALTH INSURANCE CONTRACTS
Section 13.10.14.26 - ADJUSTMENT FACTORS

Universal Citation: 13 NM Admin Code 13.10.14.26
Current through Register Vol. 35, No. 18, September 24, 2024

Duration Adjustment Factor Adjusted Termination Factor*
Week 1 0.366 0.04831
2 0.366 0.04172
3 0.366 0.04063
4 0.366 0.04355
5 0.365 0.04088
6 0.365 0.04271
7 0.365 0.04380
8 0.365 0.04344
9 0.370 0.04292
10 0.370 0.04107
11 0.370 0.03848
12 0.370 0.03478
13 0.370 0.03034
Month 4 0.391 0.08758
5 0.371 0.07346
6 0.435 0.07531
7 0.500 0.07245
8 0.564 0.06655
9 0.613 0.05520

10 0.663 0.04705
11 0.712 0.04486
12 0.756 0.04309
13 0.800 0.04080
14 0.844 0.03882
15 0.888 0.03730
16 0.932 0.03448
17 0.976 0.03026
18 1.020 0.02856
19 1.049 0.02518
20 1.078 0.02264
21 1.107 0.02104
22 1.136 0.01932
23 1.165 0.01865
24 1.195 0.01792
Year 3 1.369 0.16839
4 1.204 0.10114
5 1.199 0.07434
6 & later 1.000 **

* The adjusted termination rates derived from the application of the adjustment factors to the DTS Valuation Table termination rates shown in exhibits 3a, 3b, 3c, 4, and 5 (Transactions of the Society of Actuaries (TSA) XXXVII, pp. 457-463) is displayed. The adjustment factors for age, elimination period, class, sex, and cause displayed in exhibits 3a, 3b, 3c, and 4 should be applied to the adjusted termination rates shown in this table.

** Applicable DTS Valuation Table duration rate from exhibits 3c and 4 (TSA XXXVII, pp. 462-463).

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