28 Tex. Admin. Code § 3.1403 - Alternate Tables
(a) For any policy of
insurance delivered or issued for delivery in this state after the operative
date of former Insurance Code Article 3.44a, §8 (recodified in Insurance Code
Chapter 1105, Subchapter B, §§1105.051 - 1105.057), for that policy form and
before January 1, 1989, at the option of the company and subject to the
conditions stated in §
3.1404 of this title (relating to
Conditions):
(1) the 1958 CSO Smoker and
Nonsmoker Mortality Tables may be substituted for the 1980 CSO Table, with or
without Ten-Year Select Mortality Factors; and
(2) the 1958 CET Smoker and Nonsmoker
Mortality Tables may be substituted for the 1980 CET Table.
(b) The tables specified in
subsection (a) of this section must be used as described in subsection (a) of
this section to determine minimum reserve liabilities and minimum cash
surrender values and amounts of paid-up nonforfeiture benefits, or benefits
under any extended term insurance provision. Provided, however, that for any
category of insurance issued on female lives with minimum reserve liabilities
and minimum cash surrender values and amounts of paid-up nonforfeiture
benefits, or benefits under any extended term insurance provision determined
using 1958 CSO or 1958 CET Smoker and Nonsmoker Mortality Tables, such minimum
values may be calculated according to an age not more than six years younger
than the actual age of the insured. Provided further that the substitution of
the 1958 CSO or CET Smoker and Nonsmoker Mortality Tables is available only if
made for each policy of insurance on a policy form delivered or issued for
delivery on or after the operative date for that policy form and before a date
not later than January 1, 1989.
(c)
For any policy of insurance delivered or issued for delivery in this state
after the operative date of former Insurance Code Article 3.44a, §8 (recodified
in Insurance Code Chapter 1105, Subchapter B, §§1105.051 - 1105.057), for the
policy form, at the option of the company and subject to the conditions stated
in §
3.1404 of this title (relating to
Conditions):
(1) the 1980 CSO Smoker and
Nonsmoker Mortality Tables, with or without Ten-Year Select Mortality Factors,
may be substituted for the 1980 CSO Table, with or without Ten-Year Select
Mortality Factors; and
(2) the 1980
CET Smoker and Nonsmoker Mortality Tables may be substituted for the 1980 CET
Table.
(d) The tables
specified in subsection (c) of this section must be used as provided in
subsection (c) of this section to determine minimum reserve liabilities and
minimum cash surrender values and amounts of paid up nonforfeiture benefits, or
benefits under any extended term insurance provision.
(e) Values of 1,000 qx for the tables
specified in this section can be found in "Proceedings of the NAIC," Volume I,
1984, pages 402 - 413. These tables are adopted herein by reference for use in
an appropriate manner as described in this subchapter. Copies may be obtained
by contacting the Texas Department of Insurance, Life and Health Actuarial,
MC-LH-ACT, P.O. Box 12030, Austin, Texas 78711-12030. These tables are more
particularly identified as follows:
(1) 1958
CSO Nonsmokers and Smokers Mortality Tables;
(2) 1958 CET Nonsmokers and Smokers Mortality
Tables;
(3) 1980 CSO Female
Nonsmokers and Smokers Mortality Tables;
(4) 1980 CSO Male Nonsmokers and Smokers
Mortality Tables;
(5) 1980 CET
Female Nonsmokers and Smokers Mortality Tables; and
(6) 1980 CET Male Nonsmokers and Smokers
Mortality Tables.
Notes
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