North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-04 - Life Insurance
Chapter 45-04-07 - Mixed-Gender Mortality Tables
Section 45-04-07-01 - Definitions

Universal Citation: ND Admin Code ยง 45-04-07-01
Current through Supplement No. 394, October, 2024

As used in this chapter:

1. "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 national association of insurance commissioners' amendments to the model standard valuation law and standard nonforfeiture law for life insurance, and referred to in those models as the commissioners' 1980 extended term insurance table.

2. "1980 CET Table (F)" means that mortality table consisting of the rates of mortality for female lives from the 1980 CET Table.

3. "1980 CET Table (M)" means that mortality table consisting of the rates of mortality for male lives from the 1980 CET Table.

4. "1980 CSO 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 national association of insurance commissioners' amendments to the model standard valuation law and standard nonforfeiture 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.

5. "1980 CSO Table (F), with or without ten-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 ten-year select mortality factors.

6. "1980 CSO Table (M), with or without ten-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 ten-year select mortality factors.

7. "1980 CSO and CET Smoker and Nonsmoker Mortality Tables" means the mortality tables with separate rates of mortality for smokers and nonsmokers derived from the 1980 CSO and 1980 CET Mortality Tables by the society of actuaries task force on smoker/nonsmoker mortality and adopted by the national association of insurance commissioners in December 1983. (Subsection 7 added by the national association of insurance commissioners, December 1986).

General Authority: NDCC 28-32-02

Law Implemented: NDCC 26.1-33

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