NDAC 45-04-08-01
Definitions
Cite as N.D. Admin. Code ยง 45-04-08-01
As used in this chapter:
1.
"1983 GAM Table" means that mortality table developed by the society of actuaries committee
on annuities and adopted as a recognized mortality table for annuities in December 1983 by
the national association of insurance commissioners.
2.
"1983 Table 'a'" means that mortality table developed by the society of actuaries committee to
recommend a new mortality basis for individual annuity valuation and adopted as a
recognized mortality table for annuities in June 1982 by the national association of insurance
commissioners.
3.
"1994 GAR Table" means that mortality table developed by the society of actuaries group
annuity valuation table task force and shown at XLVII transactions of the society of actuaries
866-867 (1995).
4.
"2012 IAR Table" means that generational mortality table developed by the society of
actuaries committee on life insurance research and containing rates, qx
2012+n, derived from a
combination of the 2012 IAM Period Table and Projection Scale G2.
5.
"2012 Individual Annuity Mortality Period Life (2012 IAM Period) Table" or "2012 IAM Period
Table" means the period table containing loaded mortality rates for calendar year 2012. This
table contains rates, qx
2012, developed by the society of actuaries committee on life insurance.
6.
"Annuity 2000 Mortality Table" means that mortality table developed by the society of actuaries
committee on life insurance research and shown at XLVII transactions of the society of
actuaries 240 (1995).
7.
"Projection Scale G2 (Scale G2)" is a table of annual rates, G2x, of which mortality
improvement by age for projecting future mortality rates beyond calendar year 2012. This
table was developed by the society of actuaries committee on life insurance research.