ARSD 20:06:43:01. Definitions

Terms used in this chapter mean: (1) "1983 Table 'a'," a 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 by the National Association of Insurance Commissioners; (2) "1983 GAM Table," a mortality table developed by the Society of Actuaries Committee on Annuities and adopted as a recognized mortality table for annuities by the National Association of Insurance Commissioners; (3) "1994 GAR Table," a mortality table developed by the Society of Actuaries Group Annuity Valuation Table Task Force and adopted as a recognized mortality table for annuities by the National Association of Insurance Commissioners; (4) "Annuity 2000 Mortality Table," a mortality table developed by the Society of Actuaries Committee on Life Insurance Research and adopted as a recognized mortality table by the National Association of Insurance Commissioners; (5) "Period Table," a table of mortality rates applicable to a given calendar year (the period); (6) "Generational Mortality Table," a mortality table containing a set of mortality rates that decrease for a given age from one year to the next based on a combination of a Period Table and a projection scale containing rates of mortality improvement; (7) "2012 IAR Table," a Generational Mortality Table developed by the Society of Actuaries Committee on Life Insurance Research and containing rates, qx2012+n, derived from a combination of the 2012 IAM Period Table and Projection Scale G2, using the methodology stated in § 20:06:43:02.01; (8) "2012 Individual Annuity Mortality Period Life (2012 IAM Period) Table," the Period Table containing loaded mortality rates for calendar year 2012. This table contains rates, qx2012, developed by the Society of Actuaries Committee on Life Insurance Research and is shown in Appendices A-B; (9) "Projection Scale G2 (Scale G2)," a table of annual rates, G2x, of mortality improvement by age for projecting future mortality rates beyond calendar year 2012 developed by the Society of Actuaries Committee on Life Insurance Research and is shown in Appendices C-D.