Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-223 - Rule to Recognize the 2001 CSO Mortality Table for Use in Determining Minimum Reserve Liabilities and Nonforfeiture Benefits
Section R590-223-5 - 2001 CSO Mortality Table
Universal Citation: UT Admin Code R 590-223-5
Current through Bulletin 2024-06, March 15, 2024
(1)
(a) At the election of the company for any
one or more specified plans of insurance and subject to the conditions stated
in this rule, the 2001 CSO Mortality Table may be used as the minimum standard
for policies issued on or after July 1, 2003 and before January 1, 2009, to
which Subsections
31A-17-504(1)(c)
and 31A-22-408(6)(d)(x),
and Subsections R590-198-4(1)
and R590-198-4(2)
are applicable.
(b) If the company
elects to use the 2001 CSO Mortality Table, it shall do so for both valuation
and nonforfeiture purposes.
(2) Subject to the conditions stated in this rule, the 2001 CSO Mortality Table shall be used in determining minimum standards for policies issued on and after January 1, 2009, to which Subsections 31A-17-504(1)(c) and 31A-22-408(6)(d)(x), and Subsections R590-198-4(1) and R590-198-4(2) are applicable.
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