HARRY HUGHES, Governor

3357

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[;] OR ANY TABLES OF
DISABLEMENT RATES AND TERMINATION RATES, ADOPTED AFTER 1980
BY THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS,
APPROVED BY REGULATION PROMULGATED BY THE COMMISSIONER FOR
USE IN DETERMINING THE MINIMUM STANDARD OF VALUATION FOR
SUCH POLICIES; 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 (1926); 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 after
January 1, 1966,, the 1959 Accidental Death Benefits Table OR
ANY ACCIDENTAL DEATH BENEFITS 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; for policies issued on or after January 1,
1961, and prior to January 1, 1966, either 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] EXCEPT AS PROVIDED IN PARAGRAPH
(A-3), THE minimum standard for the valuation of all
individual annuity and pure endowment contracts issued on or
after the operative date of this paragraph, as defined
herein, and for all annuities and pure endowments purchased
on or after this operative date under group annuity and pure
endowment contracts, shall be the commissioners reserve
valuation methods defined in paragraphs (b-1) and (b-2) and
the following tables and interest rates:

(i) For individual annuity and pure
endowment contracts issued prior to July 1, 1980, 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 6 percent interest for single premium immediate annuity
contracts, and 4 percent interest for all other individual.
annuity and pure endowment contracts.