NDAC 45-04-07-01
Definitions
Cite as N.D. Admin. Code ยง 45-04-07-01
As used in this chapter:
1.
"1980 CET Table" means that mortality table consisting of separate rates of mortality for male
and female lives, developed by the society of actuaries committee to recommend new
mortality tables for valuation of standard individual ordinary life insurance, incorporated in the
1980 national association of insurance commissioners' amendments to the model standard
valuation law and standard nonforfeiture law for life insurance, and 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 Table, with or without ten-year select mortality factors" means that mortality table,
consisting of separate rates of mortality for male and female lives, developed by the society of
actuaries committee to recommend new mortality tables for valuation of standard individual
ordinary life insurance, incorporated in the 1980 national association of insurance
commissioners' amendments to the model standard valuation law and standard nonforfeiture
law for life insurance, and referred to in those models as the commissioners' 1980 standard
ordinary mortality table, with or without ten-year select mortality factors.
5.
"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.
6.
"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.
7.
"1980 CSO and CET Smoker and Nonsmoker Mortality Tables" means the mortality tables
with separate rates of mortality for smokers and nonsmokers derived from the 1980 CSO and
1980 CET Mortality Tables by the society of actuaries task force on smoker/nonsmoker
mortality and adopted by the national association of insurance commissioners in
December 1983. (Subsection 7 added by the national association of insurance
commissioners, December 1986).