Ch. 36                                          1995 LAWS OF MARYLAND

(I)      THE AMERICAN MEN ULTIMATE TABLE OF MORTALITY, WITH
BOWERMAN'S OR DAVIS' EXTENSION; OR

(II)     WITH THE CONSENT OF THE COMMISSIONER:

1.        THE COMMISSIONERS 1941 STANDARD ORDINARY
MORTALITY TABLE;                                                                                                 

2.        THE COMMISSIONERS 1941 STANDARD INDUSTRIAL
MORTALITY TABLE; OR

3.        THE COMMISSIONERS 1958 STANDARD ORDINARY
MORTALITY TABLE.

(2) ANY DIFFERENTIAL BASED ON SEX SHALL REFLECT ACTUARIAL
EXPECTANCIES AND SHALL BE SUBJECT TO APPROVAL BY THE COMMISSIONER.

(I) SAME — SAME — ANNUITY AND PURE ENDOWMENT CERTIFICATES.

FOR AN ANNUITY AND PURE ENDOWMENT CERTIFICATE, EXCLUDING ANY
DISABILITY AND ACCIDENTAL DEATH BENEFITS IN THE CERTIFICATE, THE
APPLICABLE TABLE FOR THE MINIMUM STANDARD FOR THE VALUATION OF THE
CERTIFICATE IS:

(1)      THE 1937 STANDARD ANNUITY MORTALITY TABLE;

(2)      THE ANNUITY MORTALITY TABLE FOR 1949, ULTIMATE; OR

(3)      A MODIFICATION OF A TABLE SPECIFIED IN ITEM (1) OR (2) OF THIS
SUBSECTION, APPROVED BY THE COMMISSIONER.

(J) SAME — SAME — TOTAL AND PERMANENT DISABILITY BENEFITS.

(1)      FOR TOTAL AND PERMANENT DISABILITY BENEFITS IN OR
SUPPLEMENTARY TO A LIFE INSURANCE CERTIFICATE, THE APPLICABLE TABLE FOR
THE MINIMUM STANDARD FOR THE VALUATION OF THE CERTIFICATE IS:

(I)       HUNTER'S DISABILITY TABLE;

(II)     THE CLASS (3) DISABILITY TABLE (1926) MODIFIED TO
CONFORM TO THE CONTRACTUAL WAITING PERIOD; OR

(III)   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.

(2)      FOR ACTIVE LIVES, THE TABLE USED UNDER THIS SUBSECTION
SHALL BE COMBINED WITH A MORTALITY TABLE ALLOWED FOR CALCULATING THE
RESERVES FOR LIFE INSURANCE CERTIFICATES.

(K) SAME — SAME — ACCIDENTAL DEATH BENEFITS.

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