Statistical Reports Required of Insurers Using the 2001 CSO Preferred Class Structure Table

Jon M. Huntsman, Jr. Governor Gary R. Herbert Lieutenant Governor State of Utah DEPARTMENT OF INSURANCE D. Kent Michie Commissioner State Office Building, Room 3110 Salt Lake City, UT 84114 Telephone: (801)538-3800 Facsimile: (801)538-3829 www.insurance.utah.gov Bulletin 2008-3 To: Insurers and Reinsurers of Life Insurance Business. From: D. Kent Michie, Insurance Commissioner Date: March 5, 2008 Subject: Statistical Reports Required of Insurers Using the 2001 CSO Preferred Class Structure Table The purpose of this Bulletin is to notify insurers of the Commissioner's decision to waive the mortality experience reporting requirements for year 2007 for all insurers using the 2001 CSO Preferred Class Structure Table. Subsection 5(3) of R590-241, Rule to Recognize the Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities, requires every authorized insurer using the 2001 CSO Preferred Class Structure Table to annually file with the commissioner, the NAIC, or with a statistical agent acceptable to the commissioner, statistical reports showing mortality and such other information as the commissioner may deem necessary or expedient for the administration of this rule. Subsection 5(3) also gives the commissioner the discretion to exempt any company from said reporting requirement. For reporting year 2007, the commissioner exempts all companies using the 2001 CSO Preferred Class Structure Table from filing the statistical reports required under R590-241-5(3). DATED this 5th day of March 2008. ______________________________ D. Kent Michie Insurance Commissioner