New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 9 - LIFE INSURANCE AND ANNUITIES
Part 19 - PREFERRED RISK MORTALITY TABLES FOR PRENEED INSURANCE
Section 13.9.19.7 - DEFINITIONS
Universal Citation: 13 NM Admin Code 13.9.19.7
Current through Register Vol. 35, No. 6, March 26, 2024
A. "2001 CSO mortality table" means the definition in 13.9.16 NMAC and 13.9.18 NMAC.
B. "Ultimate 1980 CSO" means the commissioners' 1980 standard ordinary life valuation mortality tables (1980 CSO) without ten-year (10-year) selection factors, incorporated into the 1980 amendments to the NAIC Standard Valuation Law approved in December 1983.
C. "Preneed insurance" means "funeral plans," as defined in Section 59A-49-4 NMSA 1978, and "preneed funeral contracts or prearrangements," as defined in 13.9.5.7 NMAC.
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