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 57.3 - Alternate tables

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 57.3

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

(a) In determining minimum cash surrender values, minimum amounts and minimum periods of paid-up nonforfeiture benefits and minimum reserve liabilities, for any policy of insurance delivered or issued for delivery in this State after the operative date of Insurance Law section 4221(k) for that policy form, at the option of the insurer and subject to the conditions stated in section 57.4 of this Part:

(1) the 1980 CSO Smoker and Nonsmoker Mortality Tables, with or without Ten-Year Select Mortality Factors, may be substituted for the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and

(2) the 1980 CET Smoker and Nonsmoker Mortality Tables may be substituted for the 1980 CET Table.

(b) The 1980 CSO and 1980 CET Smoker and Nonsmoker Mortality Tables in subdivision (a) of this section are sex-distinct tables. They may be gender-blended in accordance with the provisions of Part 47 of this Title (Insurance Regulation 112).

(c) The rates of mortality for the various smoker and nonsmoker mortality tables are shown in the Appendix to this Part (Appendix 21 of this Title).

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