Section R. 500.1284 - Utilization of the 1980 CSO and CET smoker and nonsmoker mortality tablesRule 4.
(1) In determining minimum cash surrender values, minimum amounts and minimum periods of paid-up nonforfeiture benefits and minimum reserve liabilities, the 1980 CSO and CET smoker and nonsmoker mortality tables may only be used as set forth in this rule. The requirements of this rule shall apply to any policy of insurance delivered or issued for delivery in this state after the operative date of paragraphs 9 to 19 of section 4060(5) of Act No. 218 of the Public Acts of 1956, as amended, being S500.4060(5), paragraphs 9 to 19, of the Michigan Compiled Laws, for that policy form, at the option of the company. The 1980 CSO smoker and nonsmoker mortality tables, with or without 10-year select mortality factors, may be substituted for the 1980 CSO table, with or without 10-year select mortality tables, and the 1980 CET smoker and nonsmoker mortality tables may be substituted for the 1980 CET table.(2) The 1980 CSO and CET smoker and nonsmoker mortality tables are sex-distinct tables. They may be gender blended in accordance with the provisions of R 500.1221 to R 500.1224.(3) The 1980 CSO and CET smoker and nonsmoker mortality tables shall be utilized only if they are applicable to every insurance corresponding to the policy form for which the insurer has elected to use these tables.Mich. Admin. Code R. 500.1284