044-17 Wyo. Code R. §§ 17-4 - Individual Annuity or Pure Endowment Contracts
(a) Except
as provided in Subsections B and C of this section, the 1983 Table a is
recognized and approved as an individual annuity mortality table for valuation
and, at the option of the company, may be used for purposes of determining the
minimum standard of valuation for any individual annuity or pure endowment
contract issued on or May 20, 1981.
(b) Except as provided in Subsection C of
this section, the 1983 Table a shall be used for determining the minimum
standard of valuation for any individual annuity or pure endowment contract
issued on or after October 18, 1985.
(c) Except as provided in Subsection D of
this section, the 2012 IAR Mortality Table shall be used for determining the
minimum standard of valuation for any individual annuity or pure endowment
contract issued on or after January 1, 2015.
(d) The 1983 Table a without projection is to
be used for determining the minimum standards of valuation for an individual
annuity or pure endowment contract issued on or after January 1, 2015, solely
when the contract is based on life contingencies and is issued to fund periodic
benefits arising from:
(i) Settlements of
various forms of claims pertaining to court settlements or out of court
settlements from tort actions;
(ii)
Settlements involving similar actions such as workers compensation claims;
or
(iii) Settlements of long term
disability claims where a temporary or life annuity has been used in lieu of
continuing disability payments.
Notes
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