3356

LAWS OF MARYLAND

Ch. 553

Table for such policies issued prior to the operative date
of subsection (j) of § 414, [and] the Commissioners 1958
Standard Ordinary Mortality Table for [such] THE policies
issued on or after [such] THE operative date OF SUBSECTION
(J) OF § 414 AND PRIOR TO THE OPERATIVE DATE OF SUBSECTION
(K-l) OF § 414, provided that for any category of such
policies issued on female risks, all modified net premiums
and present values referred to in this subsection may be
calculated according to an age not more than 6 years younger
than the actual age of the insured; AND FOR POLICIES ISSUED
ON OR AFTER THE OPERATIVE DATE OF SUBSECTION (K-l) OF § 414
(A) THE COMMISSIONERS 1980 STANDARD ORDINARY MORTALITY
TABLE, OR (B) AT THE ELECTION OF THE INSURER FOR ANY ONE OR
MORE SPECIFIED PLANS OF LIFE INSURANCE, THE COMMISSIONERS
1980 STANDARD ORDINARY MORTALITY TABLE WITH 10 YEAR SELECT
MORTALITY FACTORS, OR (C) ANY ORDINARY MORTALITY TABLE,
ADOPTED AFTER 1980 BY THE NATIONAL ASSOCIATION OF INSURANCE
COMMISSIONERS AND APPROVED BY REGULATION PROMULGATED BY THE
COMMISSIONER FOR USE IN DETERMINING THE MINIMUM STANDARD OF
VALUATION FOR SUCH POLICIES.

(ii) For all industrial life insurance
policies issued on the standard basis, excluding any
disability and accidental death benefits in such
policies--the 1941 Standard Industrial Mortality Table for
such policies issued prior to the operative date of
subsection (k) of § 414, and [the Commissioners 1961
Standard Industrial Mortality Table] for such policies
issued on or after such operative date THE COMMISSIONERS
1961 STANDARD INDUSTRIAL MORTALITY TABLE OR ANY INDUSTRIAL
MORTALITY TABLE, ADOPTED AFTER 1980 BY THE NATIONAL
ASSOCIATION OF INSURANCE COMMISSIONERS, THAT IS APPROVED BY
REGULATION PROMULGATED BY THE COMMISSIONER FOR USE IN
DETERMINING THE MINIMUM STANDARD OF VALUATION FOR SUCH
POLICIES.

(iii) For individual annuity and pure
endowment contracts, excluding any disability and accidental
death benefits in such policies--the 1937 Standard Annuity
Mortality Table or, at the option of the insurer, the
Annuity Mortality Table for 1949, Ultimate, or any
modification of either of these tables approved by the
Commissioner.

(iv) For group annuity and pure endowment
contracts, excluding any disability and accidental death
benefits in such policies — the Group Annuity Mortality Table
for 1951, any modification of such table approved by the
Commissioner, or, at the option of the insurer, any of the
tables or modifications of tables specified for individual
annuity and pure endowment contracts.

(v) For total and permanent disability
benefits in or supplementary to ordinary policies or
contracts — for policies or contracts issued on or after