D.C. Mun. Regs. tit. 26, r. 26-A1199

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-A1199 - DEFINITIONS

1199.1

"1983 Table 'a'" means the mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted by the National Association of Insurance Commissioners as a recognized mortality table for annuities in June 1982.

1199.2

"1983 GAM Table" means the mortality table developed by the Society of Actuaries Committee on Annuities and adopted in December 1983, by the National Association of Insurance Commissioners as a recognized mortality table for annuities.

1199.3

"1994 GAR Table" means the mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force. The 1994 GAR Table is included in the report, Transactions of the Society of Actuaries (Volume XLVII, pages 865-919) (1995).

1199.4

"Annuity 2000 Mortality Table" means the mortality table developed by the Society of Actuaries Committee on Life Insurance Research. The Annuity 2000 Table is included in the report, Transactions of the Society of Actuaries (Volume XLVII, pages 211-249) (1995).

1199.5

"Period table" means a table of mortality rates applicable to a given calendar year (the Period).

1199.6

"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.

1199.7

"2012 IAR Table" means that Generational mortality table developed by the Society of Actuaries Committee on Life Insurance Research and containing rates, q_x²⁰¹²⁺ⁿ, derived from a combination of the 2012 IAM Period Table and Projection Scale G2, using the methodology stated in § 1103 of this chapter.

1199.8

"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, q_x²⁰¹², developed by the Society of Actuaries Committee on Life Insurance Research and is shown in Appendices 1-2.

1199.9

"Projection Scale G2 (Scale G2)" is a table of annual rates, G2_x, 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.

D.C. Mun. Regs. tit. 26, r. 26-A1199

Final Rulemaking published at 47 DCR 2414 (April 7, 2000); Amended by Final Rulemaking published at 62 DCR 5493 (5/1/2015)