W. Va. Code R. § 114-45-6

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-45-6 - Group Annuity or Pure Endowment Contracts

6.1. Except as provided in subsections 6.2 and 6.3 of this section, the 1983 GAM Table, the 1983 Table "a," and the 1994 GAR Table are recognized and approved as group annuity mortality tables for valuation and, at the option of the life insurance company or fraternal benefit society, any one of these tables may be used for purposes of valuation for any annuity or pure endowment purchased on or after April 6,1977 under a group annuity or pure endowment contract.

6.2. Except as provided in subsection 6.3 of this section, either the 1983 GAM Table or the 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after January 1,1997 under a group annuity or pure endowment contract.

6.3. The 1994 GAR Table shall be used for determining the minimum standard of valuation for any annuity or pure endowment purchased on or after April 1,1999 under a group annuity or pure endowment contract.

W. Va. Code R. § 114-45-6