1. (1)(a) At the election of the company for any one or more specified plans of insurance and subject to the conditions stated in this rule, the 2001 CSO Mortality Table may be used as the minimum standard for policies issued on or after July 1, 2003 and before January 1, 2009, to which Subsections 31A-17-504(1)(c) and 31A-22-408(6)(d)(x), and Subsections R590-198-4(1) and R590-198-4(2) are applicable.

   1. (b) If the company elects to use the 2001 CSO Mortality Table, it shall do so for both valuation and nonforfeiture purposes.
2. (2) Subject to the conditions stated in this rule, the 2001 CSO Mortality Table shall be used in determining minimum standards for policies issued on and after January 1, 2009, to which Subsections 31A-17-504(1)(c) and 31A-22-408(6)(d)(x), and Subsections R590-198-4(1) and R590-198-4(2) are applicable.

KEY: insurance reserves and nonforfeitures

Date of Last Change: November 21, 2023

Notice of Continuation: May 1, 2023

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-17-402; 31A-22-408