Ga. Comp. R. & Regs. R. 120-2-39-.04 - Definitions
A. As used in this
rule "1983 Table 'a'" means that mortality table developed by the Society of
Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity
Valuation and adopted as a recognized mortality table for annuities in June
1982 by the National Association of Insurance Commissioners.
B. As used in this rule "1983 GAM Table"
means that mortality table developed by the Society of Actuaries Committee on
Annuities and adopted as a recognized mortality table for annuities in December
1983 by the National Association of Insurance Commissioners.
C. As used in this rule "1994 GAR Table"
means that mortality table developed by the Society of Actuaries Group Annuity
Valuation Table Task Force and shown on pages 866-867 of Volume XLVII of the
Transactions of the Society of Actuaries (1995).
D. As used in this rule "Annuity 2000
Mortality Table" means that mortality table developed by the Society of
Actuaries Committee on Life Insurance Research and shown on page 240 of Volume
XLVII of the Transactions of the Society of Actuaries
(1995).
E. As used in this
rule, "Period table" means a table of mortality rates applicable to a given
calendar year (the Period).
F. As
used in this rule, "Generational mortality table" means a mortality table
containing a set of mortality rates that decrease for a given age from one year
to the next based on a combination of a Period table and a projection scale
containing rates of mortality improvement.
G. As used in this rule "2012 IAR Table"
means that Generational mortality table developed by the Society of Actuaries
Committee on Life Insurance Research and containing rates,
qx2012+n, derived from a
combination of the 2012 IAM Period Table and Projection Scale G2, using the
methodology stated in Section 5.
H.
As used in this rule, "2012 Individual Annuity Mortality Period Life (2012 IAM
Period) Table" means the Period table containing loaded mortality rates for
calendar year 2012. This table contains rates,
qx2012, developed by the
Society of Actuaries Committee on Life Insurance Research and is shown in
Appendices 1-2.
I. As used in this
rule, "Projection Scale G2 (Scale G2)" is a table of annual rates,
G2x, of mortality improvement by age for projecting
future mortality rates beyond calendar year 2012. This table was developed by
the Society of Actuaries Committee on Life Insurance Research and is shown in
Appendices 3-4.
Notes
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