Statutes, codes, and regulations
Texas Administrative Code
Title 28 - INSURANCEPart 1 - TEXAS DEPARTMENT OF INSURANCEChapter 4 - LIFE AND ANNUITYSubchapter AA - [Effective 1/24/2024] MORTALITY TABLES
Division 1 - [Effective 1/24/2024] ANNUITY MORTALITY TABLES
Section 4.2702 - Definitions

28 Tex. Admin. Code § 4.2702

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Current through Reg. 49, No. 49; December 6, 2024
Section 4.2702 - Definitions

The following words and terms, when used in this subchapter, have the following meanings unless the context clearly indicates otherwise.

(1) 1983 GAM Table--Mortality table developed by the Society of Actuaries Committee on Annuities and adopted as a recognized mortality table for annuities in December 1983, by the National Association of Insurance Commissioners (NAIC).
(2) 1983 Table "a"--Mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted as a recognized mortality table for annuities in June 1982, by the NAIC.
(3) 1994 GAR Table--The 1994 Group Annuity Reserving Table developed by the Society of Actuaries Group Annuity Valuation Table Task Force and adopted as a recognized mortality table for annuities on December 16, 1996, by the NAIC.
(4) Annuity 2000 Mortality Table--Mortality table developed by the Society of Actuaries Committee on Life Insurance Research and adopted as a recognized mortality table for annuities on December 16, 1996, by the NAIC.
(5) Period Table--Table of mortality rates applicable to a given calendar year.
(6) Generational Mortality Table--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.
(7) 2012 IAR Table--Generational mortality table developed by the Society of Actuaries Committee on Life Insurance Research and containing rates, qx2012+n, derived from a combination of the 2012 IAM Period Table and Projection Scale G2, using the methodology stated in § 4.2706 of this title (relating to Application of the 2012 IAR Mortality Table).
(8) 2012 Individual Annuity Mortality Period Life (2012 IAM Period) Table--The Period Table containing loaded mortality rates for calendar year 2012. This table contains rates, qx2012 , developed by the Society of Actuaries Committee on Life Insurance Research.
(9) Projection Scale G2 (Scale G2)--Table of annual rates, G2x, of mortality improvement by age for projecting future mortality rates beyond calendar year 2012. The Society of Actuaries Committee on Life Insurance Research developed this table.

28 Tex. Admin. Code § 4.2702

Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0262, eff. 1/24/2024