Code of Massachusetts Regulations › 211 CMR - DIVISION OF INSURANCE › Title 211 CMR 32.00 - Use Of Gender-blended And Smoker/nonsmoker Mortality Tables › Section 32.04 - Definitions

Current through Register 1525, July 5, 2024
(1)
1980 CSO Table, with or
			 without Ten-YearSelectMortalityFactors
means that mortalitytable,
			 consisting of separate rates of mortality for male and female lives, developed
			 by the Society of Actuaries Committee to Recommend New Mortality Tables for
			 Valuation of Standard Individual Ordinary Life Insurance, incorporated in the
			 1980 NAIC Amendments to the Model Standard Valuation Law and Standard
			 Nonforfeiture Law for Life Insurance, and referred to in those models as the
			 Commissioners 1980 Standard Ordinary Mortality Table, with or without Ten-Year
			 Select Mortality Factors. The same select factors will be used for both smoker
			 and nonsmoker tables.
(2)
1980 CSO Table (M), with or without Ten-Year Select Mortality
			 Factors
means that mortality table consisting of the rates of
			 mortality for male lives from the 1980 CSO Table, with or without Ten-Year
			 Select Mortality Factors.
(3)
1980 CSO Table (F), with or without Ten-Year Select Mortality
			 Factors
means that mortality table consisting of the rates of
			 mortality for female lives from the 1980 CSO Table, with or without Ten-Year
			 Select Mortality Factors.
(4)
1980 CET Table
means that mortality table consisting
			 of separate rates of mortality for male and female lives, developed by the
			 Society of Actuaries Committee to Recommend New Mortality Tables for Valuation
			 of Standard Individual Ordinary Life Insurance, incorporated in the 1981 NAIC
			 Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law
			 for Life Insurance, and referred to in those models as the Commissioners 1981
			 Extended Term Insurance Table.
(5)
1980 CET Table (M)
means that mortality table
			 consistingofthe rates ofmortality for male lives from the 1980 CET
			 Table.
(6)
1980 CET
			 Table (F)
means that mortality table consisting of the rates of
			 mortality for female lives from the 1980 CET Table.
(7)
1958 CSO Table
means that mortality table developed by the Society of Actuaries Special
			 Committee on New Mortality Tables, incorporated in the NAIC Model Standard
			 Nonforfeiture Law for Life Insurance, and referred to in that model as the
			 Commissioners 1958 Standard Ordinary Mortality Table.
(8)
1958 CET Table
means that mortality table developed by the Society of Actuaries Special
			 Committee on New Mortality Tables, incorporated in the NAIC Model Standard
			 Nonforfeiture Law for Life Insurance, and referred to in that model as the
			 Commissioners 1958 Extended Term Insurance Table.
(9)
Smoker and nonsmoker
			 mortality tables
refers to the mortality tables with separate
			 rates of mortality for smokers and nonsmokers derived from the tables defined
			 in 211 CMR 32.04(1), (4), (7) and (8) which were developed by the Society of
			 Actuaries Task Force on Smoker/Nonsmoker Mortality and the California Insurance
			 Department staff, recommended by the NAIC Technical Staff Actuarial Group, and
			 published in the 1984 Proceedings of the
National Association of
			 Insurance Commissioners
, Volume 1, pages 402-413.
(10)
Composite mortality
			 tables
refers to the mortality tables defined in 211 CMR 32.04(1),
			 (4), (7) and (8) as they were originally published with rates ofmortalitythat
			 do not distinguish between smokers and nonsmokers.