New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 57 - Smoker/nonsmoker Mortality Tables And Underwriting Classifications
Section 57.2 - Definitions
Current through Register Vol. 46, No. 39, September 25, 2024
As used in this Part:
(a) 1980 CS0 Table with or without Ten-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 NAIC Amendments to the Model Standard Nonforfeiture Law and Standard Valuation Law for Life Insurance, and referred to in those models as the Commissioners 1980 Standard Ordinary Mortality Table, with or without Ten-Year Select Mortality Factors. The same select factors will be used for both smoker and nonsmoker tables.
(b) 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 Nonforfeiture Law and Standard Valuation Law for Life Insurance, and referred to in those models as the Commissioners 1980 Extended Term Insurance Table.
(c) 2001 CSO Mortality Table has the same meaning as set forth in section 100.3 of Part 100 of this Title (Insurance Regulation 179).
(d) Smoker and nonsmoker mortality tables means mortality tables with separate rates of mortality for smokers and nonsmokers.
(e) Composite mortality tables means mortality tables that do not distinguish between smokers and nonsmokers.
(f) Smoker means a proposed insured or an insured who has been classified by an insurer, based on current or past behavior within a specified timeframe in accordance with its standard underwriting rules or procedures, as one who smokes, uses tobacco or uses nicotine.
(g) Nonsmoker means a proposed insured or an insured who is classified as a nonsmoker at the time of application for life insurance or who at any subsequent time is reclassified as a nonsmoker in accordance with the insurer's underwriting procedures.
(h) Insurer means an authorized life insurance company or authorized fraternal benefit society.
