Ill. Admin. Code tit. 50, § 935.45
Application of the 2012 IAR Mortality Table
Effective Jan 1, 201538 Ill. Reg. 12862AUTHORITY: Implementing and authorized by Sections 223 and 401 of the Illinois Insurance Code [215 ILCS 5/223 and 401].DEPARTMENT OF INSURANCE
a) In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:
- b) The resulting
shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also, the rounding shall occur according to the formula in subsection (a), starting at the 2012 period table rate. c) For example, for a male age 30,
= 0.741.- d) A method leading to incorrect rounding would be to calculate
as 
* (1 – 0.010), or 0.734 * 0.99 = 0.727. It is incorrect to use the already rounded to calculate .
= 0.741 * (1 – 0.010) ^ 1 = 0.73359, which is rounded to 0.734.= 0.741 * (1 – 0.010) ^ 2 = 0.7262541, which is rounded to 0.726.- d) A method leading to incorrect rounding would be to calculate
(Source: Added at 38 Ill. Reg. 12862, effective January 1, 2015)