Mississippi Administrative Code › Title 19 - Department of Insurance › Part 2 - Life Insurance › Chapter 6 - (84-103) Permitting the Use of the Same Minimum Non-Forfeiture Standards for Men and Women Insured Under 1980 CSO and 1980 CET Mortality Tables (Mixed Gender Mortality Tables) › Rule 19-2-6.05 - Alternate Rule*

Current through June 25, 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 Section (insert applicable reference corresponding to
				  paragraph 5-c(11) of the NAIC Model Standard Nonforfeiture Law for Life
				  Insurance) 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 Nonsmokers 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 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:
1. SA:100% Male 0% Female
				smoker tables designated as "1980 CSO-SA" and "1980 CET-SA" tables.
2. SB:80% Male 20% Female smoker tables
				designated as "1980 CSO-SB" and "1980 CET-SB" tables.
3. SC:60% Male 40% Female smoker tables
				designated as "1980 CSO-SC" and "1980 CET-SC" tables.
4. SD:50% Male 50% Female smoker tables
				designated as "1980 CSO-SD" and "1980 CET-SD" tables.
5. SE:40% Male 60% Female smoker tables
				designated as "1980 CSO-SE" and "1980 CET-SE" tables.
6. SF:20% Male 80% Female smoker tables
				designated as "1980 CSO-SF" and "1980 CET-SF" tables.
7. SG:0% Male 100% Female smoker tables
				designated as "1980 CSO-SG" and "1980 CET-SG" tables.
8. NA:100% Male 0% Female nonsmoker tables
				designated as "1980 CSO-NA" and "1980 CET-NA" tables.
9. NB:80% Male 20% Female nonsmoker tables
				designated as "1980 CSO-NB" and "1980 CET-NB" tables.
10. NC:60% Male 40% Female nonsmoker tables
				designated as "1980 CSO-NC" and "1980 CET-NC" tables.
11. ND:50% Male 50% Female nonsmoker tables
				designated as "1980 CSO-ND" and "1980 CET-ND" tables.
12. NE:40% Male 60% Female nonsmoker tables
				designated as "1980 CSO-NE" and "1980 CET-NE" tables.
13. NF:20% Male 80% Female nonsmoker tables
				designated as "1980 CSO-NF" and "1980 CET-NF" tables.
14. 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.
*Rule 6.05 was added by NAIC, December 1986