N.M. Admin. Code § 13.9.16.8 2001

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.9.16.8 2001 - CSO MORTALITY TABLE

A. At the election of the company for any one or more specified plans of insurance and subject to the conditions stated in this regulation, the 2001 CSO mortality table may be used as the minimum standard for policies issued on or after January 1, 2004 and before the date specified in Subsection B to which Subparagraph (a) of Paragraph (1) of Subsection B of Section 59A-8-5 NMSA 1978, Subparagraph (f) of Paragraph (7) of Subsection F of Section 59A-20-31 NMSA 1978, and 13.9.13.12 and 13.9.13.13 NMAC are applicable. If the company elects to use the 2001 CSO mortality table, it shall do so for both valuation and nonforfeiture purposes.

B. Subject to the conditions stated in this rule, the 2001 CSO mortality table shall be used in determining minimum standards for policies issued on and after January 1, 2009, to which Subparagraph (a) of Paragraph (1) of Subsection B of Section 59A-8-5 NMSA 1978, Subparagraph (f) of Paragraph (7) of Subsection F of Section 59A-20-31 NMSA 1978, and 13.9.13.12 and 13.9.13.13 NMAC are applicable.

13.9.16.8 NMAC - N, 1-1-04