1. (a) Claim reserves should include reserves for premiums expected to be waived, valuing as a minimum the valuation net premium being waived.
2. (b) Premium reserves should include contracts on premium waiver as in-force contracts, valuing as a minimum the unearned modal valuation net premium being waived.
3. (c) Contract reserves should include recognition of the waiver of premium benefit in addition to other contract benefits provided for, valuing as a minimum the valuation net premium to be waived.

The morbidity tables required by this Part are based on exposures that include contracts on premium waiver as in-force contracts. Hence, contract reserves based on these tables are not reserves on "active lives" but rather reserves on contracts "in force." This is true for the 1964 Commissioners Disability Table Volume III Committee Recommendation and Basic Tables pp. i, iii, and 1 through 16³ (64CDT) and for both the 1985 Commissioners Individual Disability Tables A found in Report of the Committee to Recommend New Disability Tables for Valuation Transactions of Society of Actuaries 1985, Volume XXXVII, pp. 449 through 466⁴ (85CIDA) and 1985 Commissioners Individual Disability Tables B found in APPENDIX to Report of October 18, 1984 to National Association of Insurance Commissioners (NAIC) Life, Health and Accident Standing Technical Actuarial (EX5) Task Force concerning Proposed New Minimum Valuation Standards for Loss of Time (Disability Income) Benefits NAIC Proceedings - 1985 Vol. I, pp. 486 through 540⁵ (85CIDB). Copies of such documents, as adopted by the Health Insurance Association of America, 1201 F Street, NW, Suite 500, Washington, DC 20004-1204, in 1965, the Society of Actuaries, 475 N. Martingale Road, Suite 800, Schaumburg, IL 60173-2226, in 1986, and the National Association of Insurance Commissioners, 2301 McGee Street, Suite 800, Kansas City, MO 64108-2662, in 1983, respectively, are available for public inspection at the Department of Financial Services offices at One Commerce Plaza, Albany, NY 12257 and at One State Street, New York, NY 10004. Accordingly, tabular reserves using any of these tables should value reserves on the following basis: