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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 26. INSURANCE, SECURITIES, AND BANKING |
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SubTilte 26-A. INSURANCE |
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Chapter 26-A11. ANNUITY MORTALITY TABLES |
Section 26-A1100. INDIVIDUAL ANNUITY OR PURE ENDOWMENT CONTRACTS
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1100.1Except as provided in Subsections 1100.2, 1100.2a, and 1100.3 of this section, the 1983 Table "a" and the Annuity 2000 Mortality Table shall be the individual annuity mortality tables for valuation and, at the option of the company, either of these tables may be used for purposes of determining the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after October 13, 1978.
1100.2Except as provided in Subsections 1100.2a and 1100.3 of this section, 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 January 1, 2000.
1100.2aExcept as provided in Subsection 1100.3 of this section, 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, 2015.
1100.3The 1983 Table "a" without projection is to be used for determining the minimum standards of valuation for an individual annuity or pure endowment contract issued on or after January 1, 2000, solely when the contract is based on life contingencies and is issued to fund periodic benefits arising from:
(a)Settlements of various forms of claims pertaining to court settlements or out of court settlements from tort actions;
(b)Settlements involving similar actions such as worker's compensation claims; or
(c)Settlements of long term disability claims where a temporary or life annuity has been used in lieu of continuing disability payments.