044-59 Wyo. Code R. §§ 59-3 - Definitions
(a) "2001 CSO Mortality Table" means that
mortality table, consisting of separate rates of mortality for male and female
lives, developed by the American Academy of Actuaries CSO Task Force from the
Valuation Basic Mortality Table developed by the Society of Actuaries
Individual Life Insurance Valuation Mortality Task Force, and adopted by the
NAIC in December 2002. The 2001 CSO Mortality Table is included in the
Proceedings of the NAIC (2nd Quarter 2002) and supplemented by the 2001 CSO
Preferred Class Structure Mortality Table defined below in Subsection (b).
Unless the context indicates otherwise, the "2001 CSO Mortality Table" includes
both the ultimate form of that table and the select and ultimate form of that
table and includes both the smoker and nonsmoker mortality tables and the
composite mortality tables. It also includes both the age-nearest-birthday and
age-last-birthday bases of the mortality tables. Mortality tables in the 2001
CSO Mortality Table include the following:
(i) "2001 CSO Mortality Table (F)" means that
mortality table consisting of the rates of mortality for female lives from the
2001 CSO Mortality Table.
(ii)
"2001 CSO Mortality Table (M)" means that mortality table consisting of the
rates of mortality for male lives from the 2001 CSO Mortality Table.
(iii) "Composite mortality tables" means
mortality tables with rates of mortality that do not distinguish between
smokers and nonsmokers.
(iv)
"Smoker and nonsmoker mortality tables" means mortality tables with separate
rates of mortality for smokers and nonsmokers.
(b) "2001 CSO Preferred Class Structure
Mortality Table" means mortality tables with separate rates of mortality for
Super Preferred Nonsmokers, Preferred Nonsmokers, Residual Standard Nonsmokers,
Preferred Smokers, and Residual Standard Smoker splits of the 2001 CSO
Nonsmoker and Smoker tables as adopted by the NAIC at the September, 2006,
national meeting and published in the Proceedings of the NAIC
(3rd Quarter 2006). Unless the context indicates
otherwise, the "2001 CSO Preferred Class Structure Mortality Table" includes
both the ultimate form of that table and the select and ultimate form of that
table. It includes both the smoker and nonsmoker mortality tables. It includes
both the male and female mortality tables and the gender composite mortality
tables. It also includes both the age-nearest-birthday and age-last-birthday
bases of the mortality table.
(c)
"Statistical agent" means an entity with proven systems for protecting the
confidentiality of individual insured and insurer information; demonstrated
resources for and history of ongoing electronic communications and data
transfer ensuring data integrity with insurers, which are its members or
subscribers; and a history of and means for aggregation of data and accurate
promulgation of the experience modifications in a timely manner.
Notes
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