South Carolina Code of Regulations
Chapter 69 - DEPARTMENT OF INSURANCE
Section 69-37 - Annuity Mortality Tables For Use In Determining Reserve Liabilities For Annuities
Section 69-37.6 - Group Annuity or Pure Endowment Contracts

Universal Citation: SC Code Regs 69-37.6

Current through Register Vol. 48, No. 3, March 22, 2024

A. Except as provided in Subsections B and C of this section, the 1983 GAM Table, the 1983 Table "a" and the 1994 GAR Table are recognized and approved as group annuity mortality tables for valuation and, at the option of the company, any one of these tables may be used for purposes of valuation for an annuity or pure endowment purchased on or after January 1, 1979 under a group annuity or pure endowment contract.

B. Except as provided in Subsection C of this section, either the 1983 GAM Table or the 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after January 1, 1986 under a group annuity or pure endowment contract.

C. The 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after January 1, 2001 under a group annuity or pure endowment contract.

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