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 100.7 - 2001 cso gender-blended mortality tables and 2017 CSO gender-blended mortality tables

(a) For any ordinary life insurance policy delivered or issued for delivery in this State on and after January 1, 2004 and prior to January 1, 2020, that utilizes the same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit distinctions on the basis of gender, a mortality table that is a blend of the 2001 CSO Mortality Table (M) and the 2001 CSO Mortality Table (F) may, at the option of the insurer for each plan of insurance, be substituted for the 2001 CSO Mortality Table for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits. No change in minimum valuation standards is implied by this subdivision.

(b) In applying subdivision (a) of this section, the insurer may choose from among the blended tables developed by the American Academy of Actuaries CSO Task Force and adopted by the NAIC in December 2002. Gender- blended tables are included in Appendix 25 of this Title as tables 25-84.

(c) For any ordinary life insurance policy delivered or issued for delivery in this state on and after January 1, 2017, that utilizes the same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit distinct ions on the basis of gender, a mortality table that is a blend of the 2017 CSO Mortality Table (M) and the 2017 CSO Mortality Table (F) may, at the option of the insurer for each plan of insurance, be substituted for the 2017 CSO Mortality Table for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits. No change in minimum valuation standards is implied by this subdivision.

(d) In applying subdivision (c) of this section, th e insurer may choose from among the blended tables developed by the CSO Subgroup of the Joint American Academy of Actuaries Life Experience Committee and Society of Actuaries Preferred Mortality Oversight Group, and adopted by the NAIC in April 2016. Gender- blended tables are included in Appendix 25C as tables 25-84.

(e) For any guaranteed issue life insurance policy delivered or issued for delivery in this state on or after January 1, 2020 that utilizes the same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit distinctions on the basis of gender, a mortality table that is a blend of the ultimate form of the 2001 CSO Mortality Table (M) and the ultimate form of the 2001 CSO Mortality Table (F) may, at the option of the insurer for each plan of insurance, be substituted for the ultimate form of the 2001 CSO Mortality Table for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits. No change in minimum valuation standards is implied by this subdivision.

(f) In applying subdivision (e) of this section, the insurer may choose from among the blended tables developed by the American Academy of Actuaries CSO Task Force and adopted by the NAIC in December 2002. The ultimate gender-blended tables are included in Appendix 25 as tables 55-84.

(g) It shall not, in and of itself, be a violation of article 24, article 26, or any other provision of the Insurance Law for an insurer to issue the same kind of policy of life insurance on both a sex- distinct and sex-neutral basis.