Section 26-A1199. DEFINITIONS


Latest version.
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    1199.1"1983 Table 'a'" means the mortality table developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation and adopted by the National Association of Insurance Commissioners as a recognized mortality table for annuities in June 1982.

     

    1199.2"1983 GAM Table" means the mortality table developed by the Society of Actuaries Committee on Annuities and adopted in December 1983, by the National Association of Insurance Commissioners as a recognized mortality table for annuities.

     

    1199.3"1994 GAR Table" means the mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force. The 1994 GAR Table is included in the report, Transactions of the Society of Actuaries (Volume XLVII, pages 865-919) (1995).

     

    1199.4"Annuity 2000 Mortality Table" means the mortality table developed by the Society of Actuaries Committee on Life Insurance Research. The Annuity 2000 Table is included in the report, Transactions of the Society of Actuaries (Volume XLVII, pages 211-249) (1995).

     

    1199.5 “Period table” means a table of mortality rates applicable to a given calendar year (the Period).

     

    1199.6“Generational mortality table” means a 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.

     

    1199.7“2012 IAR Table” means that 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 § 1103 of this chapter.

     

    1199.8“2012 Individual Annuity Mortality Period Life (2012 IAM Period) Table” means 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 and is shown in Appendices 1-2.

     

    1199.9“Projection Scale G2 (Scale G2)” is a table of annual rates, G2x, of mortality improvement by age for projecting future mortality rates beyond calendar year 2012. This table was developed by the Society of Actuaries Committee on Life Insurance Research and is shown in Appendices 3-4.

     

     

    APPENDIX I

    2012 IAM Period Table
    Female, Age Nearest Birthday

    AGE1000 qx2012AGE1000 qx2012AGE1000 qx2012AGE1000 qx2012

    0

    1.621

    30

    0.300

    60

    3.460

    90

    88.377

    1

    0.405

    31

    0.321

    61

    3.916

    91

    97.491

    2

    0.259

    32

    0.338

    62

    4.409

    92

    107.269

    3

    0.179

    33

    0.351

    63

    4.933

    93

    118.201

    4

    0.137

    34

    0.365

    64

    5.507

    94

    130.969

    5

    0.125

    35

    0.381

    65

    6.146

    95

    146.449

    6

    0.117

    36

    0.402

    66

    6.551

    96

    163.908

    7

    0.110

    37

    0.429

    67

    7.039

    97

    179.695

    8

    0.095

    38

    0.463

    68

    7.628

    98

    196.151

    9

    0.088

    39

    0.504

    69

    8.311

    99

    213.150

    10

    0.085

    40

    0.552

    70

    9.074

    100

    230.722

    11

    0.086

    41

    0.600

    71

    9.910

    101

    251.505

    12

    0.094

    42

    0.650

    72

    10.827

    102

    273.007

    13

    0.108

    43

    0.697

    73

    11.839

    103

    295.086

    14

    0.131

    44

    0.740

    74

    12.974

    104

    317.591

    15

    0.156

    45

    0.780

    75

    14.282

    105

    340.362

    16

    0.179

    46

    0.825

    76

    15.799

    106

    362.371

    17

    0.198

    47

    0.885

    77

    17.550

    107

    384.113

    18

    0.211

    48

    0.964

    78

    19.582

    108

    400.000

    19

    0.221

    49

    1.051

    79

    21.970

    109

    400.000

    20

    0.228

    50

    1.161

    80

    24.821

    110

    400.000

    21

    0.234

    51

    1.308

    81

    28.351

    111

    400.000

    22

    0.240

    52

    1.460

    82

    32.509

    112

    400.000

    23

    0.245

    53

    1.613

    83

    37.329

    113

    400.000

    24

    0.247

    54

    1.774

    84

    42.830

    114

    400.000

    25

    0.250

    55

    1.950

    85

    48.997

    115

    400.000

    26

    0.256

    56

    2.154

    86

    55.774

    116

    400.000

    27

    0.261

    57

    2.399

    87

    63.140

    117

    400.000

    28

    0.270

    58

    2.700

    88

    71.066

    118

    400.000

    29

    0.281

    59

    3.054

    89

    79.502

    119

    400.000

     

     

     

     

     

     

    120

    1000.000

     

     

     

     

     

     

     

     

     

     

     

    APPENDIX II

    2012 IAM Period Table
    Male, Age Nearest Birthday

    AGE1000 qx2012AGE1000 qx2012AGE1000 qx2012AGE1000 qx2012

     

     

     

     

     

     

     

     

    0

    1.605

    30

    0.741

    60

    5.096

    90

    109.993

    1

    0.401

    31

    0.751

    61

    5.614

    91

    123.119

    2

    0.275

    32

    0.754

    62

    6.169

    92

    137.168

    3

    0.229

    33

    0.756

    63

    6.759

    93

    152.171

    4

    0.174

    34

    0.756

    64

    7.398

    94

    168.194

    5

    0.168

    35

    0.756

    65

    8.106

    95

    185.260

    6

    0.165

    36

    0.756

    66

    8.548

    96

    197.322

    7

    0.159

    37

    0.756

    67

    9.076

    97

    214.751

    8

    0.143

    38

    0.756

    68

    9.708

    98

    232.507

    9

    0.129

    39

    0.800

    69

    10.463

    99

    250.397

    10

    0.113

    40

    0.859

    70

    11.357

    100

    268.607

    11

    0.111

    41

    0.926

    71

    12.418

    101

    290.016

    12

    0.132

    42

    0.999

    72

    13.675

    102

    311.849

    13

    0.169

    43

    1.069

    73

    15.150

    103

    333.962

    14

    0.213

    44

    1.142

    74

    16.860

    104

    356.207

    15

    0.254

    45

    1.219

    75

    18.815

    105

    380.000

    16

    0.293

    46

    1.318

    76

    21.031

    106

    400.000

    17

    0.328

    47

    1.454

    77

    23.540

    107

    400.000

    18

    0.359

    48

    1.627

    78

    26.375

    108

    400.000

    19

    0.387

    49

    1.829

    79

    29.572

    109

    400.000

    20

    0.414

    50

    2.057

    80

    33.234

    110

    400.000

    21

    0.443

    51

    2.302

    81

    37.533

    111

    400.000

    22

    0.473

    52

    2.545

    82

    42.261

    112

    400.000

    23

    0.513

    53

    2.779

    83

    47.441

    113

    400.000

    24

    0.554

    54

    3.011

    84

    53.233

    114

    400.000

    25

    0.602

    55

    3.254

    85

    59.855

    115

    400.000

    26

    0.655

    56

    3.529

    86

    67.514

    116

    400.000

    27

    0.688

    57

    3.845

    87

    76.340

    117

    400.000

    28

    0.710

    58

    4.213

    88

    86.388

    118

    400.000

    29

    0.727

    59

    4.631

    89

    97.634

    119

    400.000

     

     

     

     

     

     

    120

    1000.000

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    APPENDIX III

    Projection Scale G2
    Female, Age Nearest Birthday

    AGEG2xAGEG2xAGEG2xAGE G2x

     

     

     

     

     

     

     

     

    0

    0.010

    30

    0.010

    60

    0.013

    90

    0.006

    1

    0.010

    31

    0.010

    61

    0.013

    91

    0.006

    2

    0.010

    32

    0.010

    62

    0.013

    92

    0.005

    3

    0.010

    33

    0.010

    63

    0.013

    93

    0.005

    4

    0.010

    34

    0.010

    64

    0.013

    94

    0.004

    5

    0.010

    35

    0.010

    65

    0.013

    95

    0.004

    6

    0.010

    36

    0.010

    66

    0.013

    96

    0.004

    7

    0.010

    37

    0.010

    67

    0.013

    97

    0.003

    8

    0.010

    38

    0.010

    68

    0.013

    98

    0.003

    9

    0.010

    39

    0.010

    69

    0.013

    99

    0.002

    10

    0.010

    40

    0.010

    70

    0.013

    100

    0.002

    11

    0.010

    41

    0.010

    71

    0.013

    101

    0.002

    12

    0.010

    42

    0.010

    72

    0.013

    102

    0.001

    13

    0.010

    43

    0.010

    73

    0.013

    103

    0.001

    14

    0.010

    44

    0.010

    74

    0.013

    104

    0.000

    15

    0.010

    45

    0.010

    75

    0.013

    105

    0.000

    16

    0.010

    46

    0.010

    76

    0.013

    106

    0.000

    17

    0.010

    47

    0.010

    77

    0.013

    107

    0.000

    18

    0.010

    48

    0.010

    78

    0.013

    108

    0.000

    19

    0.010

    49

    0.010

    79

    0.013

    109

    0.000

    20

    0.010

    50

    0.010

    80

    0.013

    110

    0.000

    21

    0.010

    51

    0.010

    81

    0.012

    111

    0.000

    22

    0.010

    52

    0.011

    82

    0.012

    112

    0.000

    23

    0.010

    53

    0.011

    83

    0.011

    113

    0.000

    24

    0.010

    54

    0.011

    84

    0.010

    114

    0.000

    25

    0.010

    55

    0.012

    85

    0.010

    115

    0.000

    26

    0.010

    56

    0.012

    86

    0.009

    116

    0.000

    27

    0.010

    57

    0.012

    87

    0.008

    117

    0.000

    28

    0.010

    58

    0.012

    88

    0.007

    118

    0.000

    29

    0.010

    59

    0.013

    89

    0.007

    119

    0.000

     

     

     

     

     

     

    120

    0.000

     

     

     

     

     

     

     

     

     

     

     

     

    APPENDIX IV

    Projection Scale G2
    Male, Age Nearest Birthday

    AGEG2xAGEG2xAGEG2xAGE G2x

     

     

     

     

     

     

     

     

    0

    0.010

    30

    0.010

    60

    0.015

    90

    0.007

    1

    0.010

    31

    0.010

    61

    0.015

    91

    0.007

    2

    0.010

    32

    0.010

    62

    0.015

    92

    0.006

    3

    0.010

    33

    0.010

    63

    0.015

    93

    0.005

    4

    0.010

    34

    0.010

    64

    0.015

    94

    0.005

    5

    0.010

    35

    0.010

    65

    0.015

    95

    0.004

    6

    0.010

    36

    0.010

    66

    0.015

    96

    0.004

    7

    0.010

    37

    0.010

    67

    0.015

    97

    0.003

    8

    0.010

    38

    0.010

    68

    0.015

    98

    0.003

    9

    0.010

    39

    0.010

    69

    0.015

    99

    0.002

    10

    0.010

    40

    0.010

    70

    0.015

    100

    0.002

    11

    0.010

    41

    0.010

    71

    0.015

    101

    0.002

    12

    0.010

    42

    0.010

    72

    0.015

    102

    0.001

    13

    0.010

    43

    0.010

    73

    0.015

    103

    0.001

    14

    0.010

    44

    0.010

    74

    0.015

    104

    0.000

    15

    0.010

    45

    0.010

    75

    0.015

    105

    0.000

    16

    0.010

    46

    0.010

    76

    0.015

    106

    0.000

    17

    0.010

    47

    0.010

    77

    0.015

    107

    0.000

    18

    0.010

    48

    0.010

    78

    0.015

    108

    0.000

    19

    0.010

    49

    0.010

    79

    0.015

    109

    0.000

    20

    0.010

    50

    0.010

    80

    0.015

    110

    0.000

    21

    0.010

    51

    0.011

    81

    0.014

    111

    0.000

    22

    0.010

    52

    0.011

    82

    0.013

    112

    0.000

    23

    0.010

    53

    0.012

    83

    0.013

    113

    0.000

    24

    0.010

    54

    0.012

    84

    0.012

    114

    0.000

    25

    0.010

    55

    0.013

    85

    0.011

    115

    0.000

    26

    0.010

    56

    0.013

    86

    0.010

    116

    0.000

    27

    0.010

    57

    0.014

    87

    0.009

    117

    0.000

    28

    0.010

    58

    0.014

    88

    0.009

    118

    0.000

    29

    0.010

    59

    0.015

    89

    0.008

    119

    0.000

     

     

     

     

     

     

     120

    0.000

     

     

authority

Section 28 of the Life Insurance Act, effective March 14, 1985 (D.C. Law 5-160; D.C. Official Code § 31-4728 (2013 Repl.)), and the Department of Insurance and Securities Regulation Establishment Act of 1996, effective May 21, 1997 (D.C. Law 11-268; D.C. Official Code § 31-103(a)(1) (2013 Repl.)).

source

Final Rulemaking published at 47 DCR 2414 (April 7, 2000); as amended by Final Rulemaking published at 62 DCR 5493 (May 1, 2015).