Admin. R. Mont. 6.6.5304 – Application of the 2012 Iar Mortality Table | Midpage

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Administrative Rules of Montana

Subchapter 6.6.53

Rule 6.6.5304

Admin. R. Mont. 6.6.5304

Application of the 2012 Iar Mortality Table

Effective Jan 1, 2017Authorizing statute(s): 33-1-313, 33-2-418, MCA; Implementing statute(s): 33-2-410, MCAState of Montana

(1) In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:
1. (a) q x 2012+n = q x 2012 (1-G2 x ) n ;
2. (b) the resulting q x 2012+n shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000;
3. (c) also, the rounding shall occur according to the formula above, starting at the 2012 period table rate. For example:
  1. (i) for a male age 30, q x 2012 = 0.741, q x 2013 = 0.741 * (1-0.010) ^ 1 = 0.73359, which is rounded to 0.734. q x 2014 = 0.741 * (1-0.010) ^ 1 = 0.7262541, which is rounded to 0.726.
  2. (ii) a method leading to incorrect rounding would be to calculate q x 2014 as q x 2013 * (1-0.010), or 0.734 * 0.99 = 0.727.
4. (d) It is incorrect to use the already rounded q x 2013 to calculate q x 2014 .

Authorizing statute(s): 33-1-313, 33-2-418, MCA

Implementing statute(s): 33-2-410, MCA

History: NEW, 2016 MAR p. 2328, Eff. 1/1/17.