West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-45 - Recognizing Annuity Mortality Tables for Use in Determining Reserve Liabilities for Annuities
Section 114-45-6 - Group Annuity or Pure Endowment Contracts

Universal Citation: 114 WV Code of State Rules 114-45-6

Current through Register Vol. XLI, No. 38, September 20, 2024

6.1. Except as provided in subsections 6.2 and 6.3 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 life insurance company or fraternal benefit society, any one of these tables may be used for purposes of valuation for any annuity or pure endowment purchased on or after April 6,1977 under a group annuity or pure endowment contract.

6.2. Except as provided in subsection 6.3 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 1,1997 under a group annuity or pure endowment contract.

6.3. The 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after April 1,1999 under a group annuity or pure endowment contract.

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