Louisiana Administrative Code › Title 37 - INSURANCE › Part XIII - Regulations › Chapter 107 - Regulation 84-Recognition and Selection of Applicable CSO Mortality Table in Determining Minimum Reserve Liabilities and Nonforfeiture Benefits › Section XIII-10711 - Applicability of the 2001 CSO Mortality Table or Its Successor Table to Regulation 85

Current through Register Vol. 50, No. 6, June 20, 2024
A. The 2001 CSO
				Mortality Table, or its successor table adopted by the NAIC and detailed in
				VM-20, may be used in applying Regulation 85 in the following manner, subject
				to the transition dates for use of the 2001 CSO Mortality Table, or its
				successor table adopted by the NAIC and detailed in VM-20, in
				§10707 of this regulation.
1.
										Section
				10905.A
				(2).(b). The net level reserve premium is based on the ultimate mortality rates
				in the 2001 CSO Mortality Table, or its successor table adopted by the NAIC and
				detailed in VM-20.
2.
										Section
				10907 All calculations are
				made using the 2001 CSO Mortality Table, or its successor table adopted by the
				NAIC and detailed in VM-20, and, if elected, the optional minimum mortality
				standard for deficiency reserves stipulated in
				§10909.B of this
				regulation. The value of "qx+k+t+1" is the valuation mortality rate for
				deficiency reserves in policy year k+t, using the unmodified select mortality
				rates if modified select mortality rates are used in the computation of
				deficiency reserves.
3.
										Section
				10909.A The
				2001 CSO Mortality Table, or its successor table adopted by the NAIC and
				detailed in VM-20, is the minimum standard for basic reserves.
4.
										Section
				10909.B The
				2001 CSO Mortality Table, or its successor table adopted by the NAIC and
				detailed in VM-20, is the minimum standard for deficiency reserves. If select
				mortality rates are used, they may be multiplied by X percent for durations in
				the first segment, subject to the conditions specified in
				§10909.B.3.a through
				i. In demonstrating compliance with those conditions, the demonstrations may
				not combine the results of tests that utilize the 1980 CSO Mortality Table with
				those tests that utilize the 2001 CSO Mortality Table, or its successor table
				adopted by the NAIC and detailed in VM-20, unless the combination is explicitly
				required by regulation or necessary to be in compliance with relevant actuarial
				standards of practice.
5.
										Section
				10911.C The
				valuation mortality table used in determining the tabular cost of insurance
				shall be the ultimate mortality rates in the 2001 CSO Mortality Table, or its
				successor table adopted by the NAIC and detailed in VM-20.
6.
										Section
				10911.E.4
				The calculations specified in
				§10911.E shall use
				the ultimate mortality rates in the 2001 CSO Mortality Table or its successor
				table adopted by the NAIC and detailed in VM-20.
7.
										Section
				10911.F.4
				The calculations specified in
				§10911.F shall use
				the ultimate mortality rates in the 2001 CSO Mortality Table or its successor
				table adopted by the NAIC and detailed in VM-20.
8.
										Section
				10911.G.2
				The calculations specified in
				§10911.G shall use
				the ultimate mortality rates in the 2001 CSO Mortality Table or its successor
				table adopted by the NAIC and detailed in VM-20.
9.
										Section
				10913.A.1.b
				The one-year valuation premium shall be calculated using the ultimate mortality
				rates in the 2001 CSO Mortality Table or its successor table adopted by the
				NAIC and detailed in VM-20.