Iowa Administrative Code › Agency 191 - Insurance Division › Insurance Coverage for Pediatric Preventive Services › Chapter 94 - Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities › Rule 191-94.2 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
For purposes of this chapter, the following definitions shall
				  apply:
"2001 CSO Mortality Table "
means that
				  mortality table consisting of separate rates of mortality for male and female
				  lives, developed by the American Academy of Actuaries CSO Task Force from the
				  Valuation Basic Mortality Table developed by the Society of Actuaries
				  Individual Life Insurance Valuation Mortality Task Force, and adopted by the
				  National Association of Insurance Commissioners in December 2002 and by the
				  commissioner pursuant to 191-Chapter 91. The 2001 CSO Mortality Table is
				  included in the Proceedings of the NAIC (2nd Quarter 2002) and supplemented by
				  the 2001 CSO Preferred Class Structure Mortality Table. Unless the context
				  indicates otherwise, the "2001 CSO Mortality Table" includes both the ultimate
				  form of that table and the select and ultimate form of that table and includes
				  both the smoker and nonsmoker mortality tables and the composite mortality
				  tables. It also includes both the age-nearest-birthday and age-last-birthday
				  bases of the mortality tables. Mortality tables in the 2001 CSO Mortality Table
				  include the following:
1. "2001 CSO Mortality Table (F)" means that mortality table
				  consisting of the rates of mortality for female lives from the 2001 CSO
				  Mortality Table.
2. "2001 CSO Mortality Table (M)" means that mortality table
				  consisting of the rates of mortality for male lives from the 2001 CSO Mortality
				  Table.
"2001 CSO Preferred Class Structure Mortality Table
				  "
means mortality tables with separate rates of mortality for super
				  preferred nonsmoker, preferred nonsmoker, residual standard nonsmoker,
				  preferred smoker, and residual standard smoker splits of the 2001 CSO nonsmoker
				  and smoker tables as adopted by the National Association of Insurance
				  Commissioners at the September 2006 national meeting and published in the NAIC
				  Proceedings (3rd Quarter 2006). Unless the context indicates otherwise, the
				  "2001 CSO Preferred Class Structure Mortality Table" includes both the ultimate
				  form of that table and the select and ultimate form of that table. It also
				  includes both the smoker and non-smoker mortality tables, both the male and
				  female mortality tables, the gender composite mortality tables, and both the
				  age-nearest-birthday and age-last-birthday bases of the mortality
				  tables.
"Composite mortality tables "
means
				  mortality tables with rates of mortality that do not distinguish between
				  smokers and nonsmokers.
"Smoker and nonsmoker mortality tables "
means mortality tables with separate rates of mortality for smokers and
				  nonsmokers.
"Statistical agent"
means an entity with
				  proven systems for protecting the confidentiality of individual insured and
				  insurer information, with the demonstrated resources for and a history of
				  ongoing electronic communications and data transfer ensuring data integrity for
				  insurer members or subscribers, and with a history of and the means for
				  aggregation of data and accurate promulgation of experience modifications in a
				  timely manner