1. (a) Except as provided in (b) and (c) of this section, the 1983 Table "a" is recognized and approved as an individual annuity mortality table for valuation and, at the option of the insurance company, may be used to determine the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after July 1, 1978.
2. (b) Except as provided in (c) of this section, either the 1983 Table "a" or the Annuity 2000 Mortality Table must be used to determine the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after December 31, 1985.
3. (c) Except as provided in (d) of this section, the Annuity 2000 Mortality Table must be used to determine the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after March II, 1998.
4. (d) Except as provided in (e) of this section, the 2012 IAR Table must be used to determine the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after January 1, 2015.

5. (e) The 1983 Table "a" without projection must be used to determine the minimum standard of valuation for an individual annuity or pure endowment contract issued on or after March 11, 1998, if the contract is based on life contingencies and is issued to fund periodic benefits arising from

   1. (1) a settlement of a claim pertaining to a court settlement or arising out of a court settlement from tort actions;
   2. (2) a settlement involving an action similar to a tort, such as a workers' compensation claim; or
   3. (3) a settlement of a long term disability claim where a temporary or life annuity has been used instead of continuing disability payments.

(Eff. 12/26/2014, Register 212)