New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter B - Life Insurers
Part 100 - Recognition of The 2001 Cso Mortality Table and the 2017 Cso Mortality Table for Use in Determining Minimum Reserve Liabilities And Nonforfeiture Benefits and Recognition and Application of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities
Section 100.4 - 2001 CSO Mortality Table and 2017 CSO Mortality Table

(a) At the election of the insurer for any one or more specified plans of insurance and subject to the conditions stated in this Part, the 2001 CSO Mortality Table may be used as the minimum mortality standard for policies issued on or after January 1, 2004 and before the date specified in subdivision (b) of this section to which Insurance Law sections 4217(c)(2)(A)(iii) and 4221(k)(9)(B)(vi) and section 98.4(a) and (b) of this Title are applicable. If the insurer elects to use the 2001 CSO Mortality Table, it shall do so for both valuation and nonforfeiture purposes.

(b) Subject to the conditions stated in this Part, the 2001 CSO Mortality Table shall be used in determining minimum mortality standards for policies issued on and after January 1, 2009 and before the date specified in subdivision (e) of this section, to which Insurance Law sections 4217(c)(2)(A)(iii) and 4221(k)(9)(B)(vi) and section 98.4(a) and (b) of this Title are applicable.

(c) There is no new Commissioners Extended Term (CET) Table being proposed to replace the 1980 CET Table. Therefore, the new minimum mortality standard for the computation of values related to extended term benefits will be the 2001 CSO Mortality Table.

(d) At the election of the insurer for any one or more specified plans of insurance and subject to the conditions stated in this Part, the 2017 CSO Mortality Table may be used as the minimum mortality standard for policies issued on or after January 1, 2017 and before the date specified in subdivision (e) of this section to which Insurance Law sections 4217(c)(2)(A)(iii) and 4221(k) (9)(B)(vi) and section 98.4(a) and (b) of this Title are applicable. If the insurer elects to use the 2017 CSO Mortality Table, it shall do so for both valuation and nonforfeiture purposes.

(e) Subject to the conditions stated in this Part, the 2017 CSO Mortality Table shall be used in determining minimum mortality standards for policies, excluding guaranteed issue life insurance policies, issued on and after January 1, 2020, to which Insurance Law sections 4217(c)(2)(A)(iii) and 4221(k)(9)(B)(vi) and section 98.4(a) and (b) of this Title are applicable.

(f) Subject to the conditions stated in this Part, the ultimate form of the 2001 CSO Mortality Table shall be used in determining minimum mortality standards for guaranteed issue life insurance policies issued on or after January 1, 2020 to which Insurance Law sections 4217(c)(2)(A)(iii) and 4221(k)(9)(B)(vi) and section 98.4(a) and (b) of this Title are applicable.