862                                     LAWS OF MARYLAND                             Ch. 408

such table or, at the option of the insurer, the Intercompany Double Indemnity
Mortality Table; and for policies issued prior to January 1, 1961, the
Intercompany Double Indemnity Mortality Table. Either table shall be combined
with a mortality table permitted for calculating the reserves for life insurance
policies.

(vii) For group life insurance, life insurance issued on the substandard basis
and other special benefits--such tables as may be approved by the Commissioner.

(A-2) THE MINIMUM STANDARD FOR THE VALUATION OF ALL
INDIVIDUAL ANNUITY AND PURE ENDOWMENT CONTRACTS
ISSUED ON OR AFTER THE OPERATIVE DATE OF THIS PARAGRAPH
(A-2), AS DEFINED HEREIN, AND FOR ALL ANNUITIES AND PURE
ENDOWMENTS PURCHASED ON OR AFTER SUCH OPERATIVE DATE
UNDER GROUP ANNUITY AND PURE ENDOWMENT CONTRACTS,
SHALL BE THE COMMISSIONERS RESERVE VALUATION METHOD
DEFINED IN PARAGRAPH (B) AND THE FOLLOWING TABLES AND
INTEREST RATES:

(I) FOR INDIVIDUAL ANNUITY AND PURE ENDOWMENT
CONTRACTS ISSUED PRIOR TO JANUARY 1, 1986, EXCLUDING ANY
DISABILITY AND ACCIDENTAL DEATH BENEFITS IN SUCH
CONTRACTS -- THE 1971 INDIVIDUAL ANNUITY MORTALITY TABLE,
OR ANY MODIFICATION OF THIS TABLE APPROVED BY THE
COMMISSIONER, AND SIX PERCENT (6%) INTEREST FOR SINGLE
PREMIUM IMMEDIATE ANNUITY CONTRACTS, AND FOUR
PERCENT (4%) INTEREST FOR ALL OTHER INDIVIDUAL ANNUITY
AND PURE ENDOWMENT CONTRACTS.

(II) FOR INDIVIDUAL ANNUITY AND PURE ENDOWMENT
CONTRACTS ISSUED ON OR AFTER JANUARY 1, 1986, EXCLUDING
ANY DISABILITY AND ACCIDENTAL DEATH BENEFITS IN SUCH
CONTRACTS - THE 1971 INDIVIDUAL ANNUITY MORTALITY TABLE,
OR ANY MODIFICATION OF THIS TABLE APPROVED BY THE
COMMISSIONER, AND THREE AND ONE-HALF PERCENT (3 1/2%)
INTEREST.

(III)         FOR ALL ANNUITIES AND PURE ENDOWMENTS
PURCHASED PRIOR TO JANUARY 1, 1986 UNDER GROUP ANNUITY
AND PURE ENDOWMENT CONTRACTS, EXCLUDING ANY
DISABILITY AND ACCIDENTAL DEATH BENEFITS [[PURCHASED
UNDER]] IN SUCH CONTRACTS--THE 1971 GROUP ANNUITY
MORTALITY TABLE, OR ANY MODIFICATION OF THIS TABLE
APPROVED BY THE COMMISSIONER, AND SIX PERCENT (6%)
INTEREST.

(IV)         FOR ALL ANNUITIES AND PURE ENDOWMENTS
PURCHASED ON OR AFTER JANUARY 1, 1986 UNDER GROUP
ANNUITY AND PURE ENDOWMENT CONTRACTS, EXCLUDING ANY
DISABILITY AND ACCIDENTAL DEATH BENEFITS [[PURCHASED
UNDER]] IN SUCH CONTRACTS --THE 1971 GROUP ANNUITY
MORTALITY TABLE, OR ANY MODIFICATION OF THIS TABLE
APPROVED BY THE COMMISSIONER, AND THREE AND ONE-HALF
PERCENT (3 1/2%) INTEREST.

AFTER THE EFFECTIVE DATE OF THIS AMENDATORY ACT OF
1973, ANY INSURER MAY FILE WITH THE COMMISSIONER A
WRITTEN NOTICE OF ITS ELECTION TO COMPLY WITH THE