23 CAR § 99-102. Definitions

As used in this part: (1) "1980 CET Table" means that mortality table consisting of separate rates of mortality for male and female lives: (A) Developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance; (B) Incorporated in the 1980 NAIC Amendments to the Model Standard Individual Ordinary Life Insurance; (C) Incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance; and (D) Referred to in those models as the Commissioners 1980 Extended Term Insurance Table; (2) "1980 CET Table (F)" means that mortality table consisting of the rates of mortality for female lives from the 1980 CET Table; (3) "1980 CET Table (M)" means that mortality table consisting of the rates of mortality for male lives from the 1980 CET Table; (4) "1980 CSO and CET Smoker and Nonsmoker Mortality Tables" means the mortality tables with separate rates of mortality for smokers and nonsmokers: (A) Derived from the 1980 CSO and 1980 CET Mortality Tables by the Society of Actuaries Task Force on Smoker/Nonsmoker Mortality; and (B) Adopted by the NAIC in December 1983; (5) "1980 CSO Table, with or without Ten-Year Select Mortality Factors" means that mortality table: (A) Consisting of separate rates of mortality for male and female lives; (B) Developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance; (C) Incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance; and (D) Referred to in those models as the Commissioners 1980 Standard Ordinary Mortality Table, with or without Ten-Year Select Mortality Factors; (6) "1980 CSO Table (F), with or without Ten-Year Select Mortality Factors" means that mortality table consisting of the rates of mortality for female lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and (7) "1980 CSO Table (M), with or without Ten-Year Select Mortality Factors" means that mortality table consisting of the rates of mortality for male lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors.