230 R.I. Code R. 230-RICR-20-25-10.4

Current through December 3, 2024

Section 230-RICR-20-25-10.4 - 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, 2005 and before the date specified in § 10.4(B) of this Part to which R.I. Gen. Laws §§ 27-4-17(d)(3), 27-4.3-5(h)(6) and § 8.5(A) and (B) of this Subchapter 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 regulation, the 2001 CSO Mortality Table shall be used in determining minimum standards for policies issued on and after January 1, 2009, to which R.I. Gen. Laws §§ 27-4-17(d)(3), 27-4.3-5(h)(6) and § 8.5(A) and (B) of this Subchapter are applicable.