19 MAC Pt. 2, R. 7.04
Alternate Table
Cite as 19 Miss. Admin. Code Pt. 2, R. 7.04
Alternate Table
A. For any policy of insurance delivered or issued for delivery in this state after the
operative date of Section 83-7-25(5-c)(K) for that policy form and before January 1,
1989, at the option of the company and subject to the conditions stated in Section 5 of
this Regulation,
1. the 1958 CSO Smoker and Nonsmoker Mortality Tables may be substituted for
the 1980 CSO Table, with or without Ten-Year Select Mortality Factors, and
2. the 1958 CET Smoker and Nonsmoker Mortality Tables may be substituted for
the 1980 CET Table
for use in determining reserve liabilities and minimum cash surrender values and amounts
of paid-up nonforfeiture benefits.
Provided that for any category of insurance issued on female lives with minimum reserve
liabilities and minimum cash surrender values and amounts of paid-up nonforfeiture
benefits determined using the 1958 CSO and 1958 CET Smoker and Nonsmoker
Mortality Tables, such minimum values may be calculated according to an age not more
than six years younger than the actual age of the insured.
Provided further that the substitution of the 1958 CSO or 1958 CET Smoker and
Nonsmoker Mortality Tables is available only if made for each policy of insurance on a
policy form delivered or issued for delivery on or after the operative date for that policy
form and before a date not later than January 1, 1989.
B. For any policy of insurance delivered or issued for delivery in this state after the
operative date of Section 83-7-25(5-C)(K) for that policy form, at the option of the
company and subject to the conditions stated in Section 5 of this Regulation,
1. the 1980 CSO Smoker and Nonsmoker Mortality Tables, with or without Ten-
Year Select Mortality Factors, may be substituted for the 1980 CSO Table, with
or without Ten-Year Select Mortality Factors, and
2. the 1980 CET Smoker and Nonsmoker Mortality Tables may be substituted for
the 1980 CET Table
for use in determining minimum reserve liabilities and minimum cash surrender values
and amounts of paid-up nonforfeiture benefits.