West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-69 - Recognition Of The 2001 CSO Mortality Table For Use In Determining Minimum Reserve Liabilities And Nonforfeiture Benefits
Section 114-69-3 - 2001 CSO Mortality Table

Universal Citation: 114 WV Code of State Rules 114-69-3

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

3.1. 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 the effective date of this rule and before the date specified in subsection 3.2 of this rule to which W. Va. Code §§ 33-7-9(d)(1)(C) (iii) and 33-13-30(4c)(h)(vii) and subsections 4.1 and 4.2 of WV 114 CSR 68 are applicable. If the company elects to use the 2001 CSO Mortality Table, it shall do so for both valuation and nonforfeiture purposes.

3.2. 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 W. Va. Code §§ 33-7-9(d)(1)(C) (iii) and 33-13-30(4c)(h)(vii) and subsections 4.1 and 4.2 of WV 114 CSR 68 are applicable.

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