Alaska Admin. Code tit. 3, § 28.607 – Group annuity or pure endowment contracts | Midpage
§ 3.28.607
Alaska Admin. Code tit. 3, § 28.607
Group annuity or pure endowment contracts
Effective Dec 26, 2014Alaska Register 212(Eff. 12/26/2014, Register 212)
(a) Except as provided in (b) and (c) of this section, the 1983 GAM Table, the 1983 Table "a", and the 1994 GAR Table are recognized and approved as group annuity mortality tables for valuation and, at the option of the insurance company, any one of these tables may be used to determine the minimum standard of valuation for any annuity or pure endowment purchased on or after July 1, 1978 under a group annuity or pure endowment contract.
(b) Except as provided in (c) of this section, either the 1983 GAM Table or the 1994 GAR Table must be used to determine the minimum standard of valuation for any annuity or pure endowment purchased on or after December 31, 1985 under a group annuity or pure endowment contract.
(c) The 1994 GAR Table must be used to determine the minimum standard of valuation for any annuity or pure endowment purchased on or after March 11, 1998 under a group annuity or pure endowment contract.