Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 28 - Life, Health, Variable, and Related Insurance › Article 7 - Long-term Care Insurance › 3 AAC 28.690 - Definitions

Current through May 31, 2024
In this chapter,
(1) "the 1983 Table 'a'" means the mortality
				  table developed by the Society of Actuaries Committee to Recommend a New
				  Mortality Basis for Individual Annuity Valuation, and adopted as a recognized
				  mortality table for annuities in June 1982 by the National Association of
				  Insurance Commissioners;
(2) "the
				  1983 GAM Table" means the group annuity mortality table developed by the
				  Society of Actuaries Committee on Annuities and adopted as a recognized
				  mortality table for annuities in December 1983 by the National Association of
				  Insurance Commissioners;
(3) "the
				  1994 GAR Table" means the mortality table developed by the Society of Actuaries
				  Group Annuity Valuation Table Task Force and adopted as a recognized mortality
				  table for annuities in December 1996 by the National Association of Insurance
				  Commissioners;
(4) "the Annuity
				  2000 Mortality Table" means the mortality table developed by the Society of
				  Actuaries Committee on Life Insurance Research and adopted as a recognized
				  mortality table for annuities in December 1996 by the National Association of
				  Insurance Commissioners;
(5) "2001
				  CSO Mortality Tables" means the mortality tables consisting of separate rates
				  of mortality for male and female lives, developed by the American Academy of
				  Actuaries Commissioners Standard Ordinary (CSO) Task Force and adopted by the
				  National Association of Insurance Commissioners in December 2002; "2001 CSO
				  Mortality Tables" includes the ultimate, select and ultimate, smoker,
				  nonsmoker, and composite 2001 CSO Mortality Tables, as well as the age-nearest
				  birthday and age-last birthday bases of the tables;
(6) "female 2001 CSO Mortality Table" means
				  the mortality table consisting of the rates of mortality for female lives from
				  the 2001 CSO Mortality Tables;
(7)
				  "male 2001 CSO Mortality Table" means the mortality table consisting of the
				  rates of mortality for male lives from the 2001 CSO Mortality Tables;
(8) "composite mortality tables" means the
				  mortality tables with rates of mortality that do not distinguish between
				  smokers and nonsmokers;
(9) "smoker
				  and nonsmoker mortality tables" means mortality tables with separate rates of
				  mortality for smokers and nonsmokers;
(10) "2001 CSO Preferred Class Structure
				  Mortality Tables" means the mortality tables consisting of separate rates of
				  mortality for super-preferred nonsmokers, preferred nonsmokers, residual
				  standard nonsmokers, preferred smokers, and residual standard smoker splits of
				  the 2001 CSO smoker and nonsmoker tables adopted by the National Association of
				  Insurance Commissioners in September 2006 and published in the
NAIC
				  Proceedings (3rd Quarter 2006)
; "2001 CSO Preferred Class Structure
				  Mortality Tables" includes the ultimate, select and ultimate, smoker,
				  nonsmoker, male, female, and composite 2001 CSO Mortality Tables, as well as
				  the age-nearest birthday and age-last birthday bases of the mortality
				  tables;
(11) "statistical agent"
				  means an entity with
(A) proven systems for
				  protecting the confidentiality of individual insured and insurer
				  information;
(B) demonstrated
				  resources for and a history of ongoing electronic communications and data
				  transfer ensuring data integrity with insurers, which are its members or
				  subscribers; and
(C) a history of
				  and means for aggregation of data and accurate promulgation of the experience
				  modifications in a timely manner.