MARVIN MANDEL, Governor

1373

operative date of subsection (j) of § 114, and the
Commissioners 1958 Standard Ordinary Mortality Table for
such policies issued on or after such operative date[;
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 three years younger
than the actual age of the insured]. ANY DIFFERENTIAL
BASED ON SEX SHALL REFLECT ACTUARIAL EXPECTANCIES AND
SHALL BE SUBJECT TO APPROVAL BY THE COMMISSIONER.

(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.

(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
January 1, 1966, the tables of Period 2 disablement rates
and the 1930 to 1950 termination rates of the 1952
Disability Study of the Society of Actuaries, with due
regard to the type of benefit; for policies or contracts
issued on or after January 1, 1961 and prior to January
1, 1966, either such tables or, at the option of the
insurer, the Class (3) Disability Table (19 26); and for
policies issued prior to January 1, 1961, the Class (3)
Disability Table (1926). Any such table shall, for
active lives, be combined with a mortality table
permitted for calculating the reserves for life insurance
policies.

(vi) For accidental death benefits in or
supplementary to policies—for policies issued on or