Sec.38a-439-7. Rule  


Latest version.
  • (a) For any policy of insurance on the life of either a male or female insured delivered or issued for delivery in this state on or after the date of election pursuant to Section 38a-439 (e) (11), a company may, for that policy form, substitute for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits: (1) a mortality table which is blend of the 1980 CSO Table (M) and the 1980 Table (F) with or without Ten-Year Select Mortality Factors for the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and (2) a mortality table which is of the same blend as used in (1) of this subsection but applied to form a blend of the 1980 CET Table (M) and the 1980 CET Table (F) in lieu of the 1980 CET Table.

    (b) For purposes of the substitution authorized by subsection (a) of this section, the following tables will be considered as the basis for acceptable tables:

    (1) 100% Male 0% Female for tables to be designated as the "1980 CSO-A"; and "1980 CET-A"; tables.

    (2) 80% Male 20% Female for tables to be designated as the "1980 CSO-B"; and "1980 CET-B"; tables.

    (3) 60% Male 40% Female for tables to be designated as the "1980 CSO-C"; and "1980 CET-C"; tables.

    (4) 50% Male and 50% Female for tables to be designated as the "1980 CSO-D"; and "1980 CET-D"; tables.

    (5) 40% Male 60% Female for tables to be designated as the "1980 CSO-E"; and "1980 CET-E"; tables.

    (6) 20% Male 80% Female for tables to be designated as the "1980 CSO-F"; and "1980 CET-F"; tables.

    (7) 0% Male 100% Female for tables to be designated as the "1980 CSO-G"; and "1980 CET-G"; tables.

    The tables of subdivisions (1) and (7) of this subsection are not to be used with respect to policies issued on or after January 1, 1986 except where the proportion of persons insured is anticipated to be 90% or more of one sex or the other.

(Effective September 25, 1992)