New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 47 - Use Of Gender-blended Mortality Tables For Individual Life Insurance Policies By Life Insurers
Section 47.1 - Definitions

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 47.1

Current through Register Vol. 46, No. 39, September 25, 2024

As used in this regulation, the following terms shall have the following meanings:

(a) 1980 CSO table, with or without 10-year select mortality factors means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance, incorporated in the 1980 National Association of Insurance Commissioners (NAIC) Amendments to the Model Standard Valuation Law and Model Standard Nonforfeiture Law for Life Insurance and referred to in those models as the Commissioners 1980 Standard Ordinary Mortality Table, with or without 10-year select mortality factors.

(b) 1980 CSO table (M), with or without 10-year select mortality factors means that mortality table consisting of the rates of mortality for male lives from the 1980 CSO table, with or without 10-year select mortality factors.

(c) 1980 CSO table (F), with or without 10-year select mortality factors means that mortality table consisting of the rates of mortality for female lives from the 1980 CSO table, with or without 10-year select mortality factors.

(d) 1980 CET table means that mortality table consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance, incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Model Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioners 1980 Extended Term Insurance Table.

(e) 1980 CET table (M) means that mortality table consisting of the rates of mortality for male lives from the 1980 CET table.

(f) 1980 CET table (F) means that mortality table consisting of the rates of mortality for female lives from the 1980 CET table.

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