Section Ins 307.04 - Individual Annuity or Pure Endowment Contracts(a) Expect as provided in (b) and (c) below, 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 after August 1, 1979, but before December 31, 1985.(b) Except as provided in (c) below, either the 1983 Table "a" or the Annuity 2000 Mortality Table shall be used for determining the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after December 31, 1985 and before July 1, 2000.(c) Except as provided in (d) below, the Annuity 2000 Mortality Table shall be used for determining the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after July 1, 2000.(d) Except as provided in (e) below, 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, 2017.(e) The 1983 Table "a" without projection is to be used for determining the minimum standards of valuation for any individual annuity or pure endowment contract issued on or after July 1, 2000, solely when the contract is based on life contingencies and is issued to fund periodic benefits arising from: (1) Settlements of various forms of claims pertaining to court settlements or out of court settlements from tort actions;(2) Settlements involving similar actions such as workers' compensation claims; or(3) Settlements of long-term disability claims where a temporary or life annuity has been used in lieu of continuing disability payments.N.H. Admin. Code § Ins 307.04
#3163, eff 12-24-85; ss by #4287, eff 7-1-87; ss by #5657, eff 7-1-93; ss by #7015, INTERIM, eff 7-1-99, EXPIRED: 10-29-99
New. #7450, eff 2-16-01; amd by #7614, eff 12-24-01; ss by #9494, eff 6-29-09
Amended by Volume XXXVI Number 45, Filed November 10, 2016, Proposed by #12034, Effective 12/31/2016, Expires 12/31/2026.