For each plan of insurance with separate rates for smoker and nonsmokers, an insurer may:

1. (a) use composite mortality tables to determine minimum reserve liabilities;
2. (b) use smoker and nonsmoker mortality tables to determine the valuation of net premiums and additional minimum reserves, if any, required by subsection (h) of section 38a-78 of the Connecticut General Statutes and use composite mortality tables to determine the basic minimum reserves; or (c) use smoker and nonsmoker mortality to determine minimum reserve liabilities.

(Effective September 25, 1992)