3 AAC 28.690. Definitions

In this chapter,

(1) "the 1983 Table 'a'" means the mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation, and adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners;

(2) "the 1983 GAM Table" means the group annuity mortality table developed by the Society of Actuaries Committee on Annuities and adopted as a recognized mortality table for annuities in December 1983 by the National Association of Insurance Commissioners;

(3) "the 1994 GAR Table" means the mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force and adopted as a recognized mortality table for annuities in December 1996 by the National Association of Insurance Commissioners;

(4) "the Annuity 2000 Mortality Table" means the mortality table developed by the Society of Actuaries Committee on Life Insurance Research and adopted as a recognized mortality table for annuities in December 1996 by the National Association of Insurance Commissioners;

(5) "2001 CSO Mortality Table" means the mortality table consisting of separate rates of mortality for male and female lives, developed by the American Academy of Actuaries Commissioners Standard Ordinary (CSO) Task Force and adopted by the National Association of Insurance Commissioners in December 2002; "2001 CSO Mortality Table" includes the ultimate, select and ultimate, smoker, nonsmoker, and composite 2001 CSO Mortality Tables, as well as the age-nearest birthday and age-last birthday bases of the tables;

(6) "female 2001 CSO Mortality Table" means the mortality table consisting of the rates of mortality for female lives from the 2001 CSO Mortality Table;

(7) "male 2001 CSO Mortality Table" means the mortality table consisting of the rates of mortality for male lives from the 2001 CSO Mortality Table;

(8) "composite mortality tables" means the mortality tables with rates of mortality that do not distinguish between smokers and nonsmokers;

(9) "smoker and nonsmoker mortality tables" means mortality tables with separate rates of mortality for smokers and nonsmokers.

History: Eff. 12/31/85, Register 96; am 3/11/98, Register 145; am 1/1/2005, Register 172

Authority: AS 21.06.090

AS 21.18.110

AS 21.18.160

Editor's note: The 1983 Table "a", the 1983 GAM Table, the Annuity 2000 Mortality Table, and the 1994 GAR Table referenced in 3 AAC 28.600, and the 2001 CSO Mortality Tables referenced in 3 AAC 28.620 and 3 AAC 28.640, may be obtained from the Society of Actuaries, 475 N. Martingale Road, Suite 800, Schaumburg, Illinois 60173-2226; telephone number (847) 706-3500.

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