Code of Maine Rules › 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION › 031 - BUREAU OF INSURANCE › Chapter 340 - MORTALITY TABLES FOR DETERMINING MINIMUM RESERVES AND NONFORFEITURE BENEFITS › Article III - Procedure for Use of Same Minimum Nonforfeiture Standards for Men and Women Insured Under 1980 CSO and 1980 CET Mortality Tables › Section 031-340-III-4A - Alternate Rule

Current through 2024-29, July 17, 2024
In determining minimum cash surrender values and amounts
					 of paid-up nonforfeiture benefits for any policy of insurance on the life of
					 either a male or female insured on a form of insurance with separate rates for
					 smokers and nonsmokers delivered or issued for delivery in this state after the
					 operative date of Title
					 
					 24-A M.R.S.A. Section2532-A for that policy
					 form, in addition to the mortality tables that may be used according to Section
					 4,(i) a mortality table which is a blend of the male and female rates of
					 mortality according to the 1980 CSO Smoker Mortality Table, in the case of
					 lives classified as smokers, or the 1980 CSO Nonsmoker Mortality Table, in the
					 case of lives classified as nonsmokers, with or without ten-year Select
					 Mortality Factors, may at the option of the company be substituted for the 1980
					 CSO Table, with or without Ten-Year Select Mortality Factors, and (ii) a
					 mortality table which is of the same blend as used in (i) but applied to form a
					 blend of the male and female rates of mortality according to the corresponding
					 1980 CET Smoker Mortality Table or 1980 CET Nonsmoker Mortality Table may at
					 the option of the company be substituted for the 1980 CET Table.
The following blended mortality tables will be considered
					 acceptable:
SA: 100% Male 0% Female smoker tables designated as "1980
					 CSO-SA" and "1980 CET-SA" Tables.
SB: 80% Male 20% Female smoker tables designated as "1980
					 CSO-SB" and "1980 CET-SB" Tables.
SC: 60% Male 40% Female smoker tables designated as "1980
					 CSO-SC" and "1980 CET-SC" Tables.
SD: 50% Male 50% Female smoker tables designated as "1980
					 CSO-SD" and "1980 CET-SD" Tables.
SE: 40% Male 60% Female smoker tables designated as "1980
					 CSO-SE" and "1980 CET-SE" Tables.
SF: 20% Male 80% Female smoker tables designated as "1980
					 CSO-SF" and "1980 CET-SF" Tables.
SG: 0% Male 100% Female smoker tables designated as "1980
					 CSO-SG" and "1980 CET-SG" Tables.
NA: 100% Male 0% Female nonsmoker tables designated as
					 "1980 CSO-NA" and "1980 CET-NA" Tables.
NB: 80% Male 20% Female nonsmoker tables designated as
					 "1980 CSO-NB" and "1980 CET-NB" Tables.
NC: 60% Male 40% Female nonsmoker tables designated as
					 "1980 CSO-NC" and "1980 CET-NC" Tables.
ND: 50% Male 50% Female nonsmoker tables designated as
					 "1980 CSO-ND" and "1980 CET-ND" Tables.
NE: 40% Male 60% Female nonsmoker tables designated as
					 "1980 CSO-NE" and "1980 CET-NE" Tables.
NF: 20% Male 80% Female nonsmoker tables designated as
					 "1980 CSO-NF" and "1980 CET-NF" Tables.
NG: 0% Male 100% Female nonsmoker tables designated as
					 "1980 CSO-NG" and "1980 CET-NG" Tables.
Tables SA, SG, NA and NG are not acceptable as blended
					 tables unless the proportion of persons insured is anticipated to be 90% or
					 more of one sex or the other.