R590-96-6. Group Annuity or Pure Endowment Contracts

(1) A group annuity or a pure endowment contract issued on or after April 2, 1980, and before July 1, 1985, at the option of the company, may be valued using the following tables: (a) the 1983 GAM Table; (b) the 1983 Table (a); or (c) the 1994 GAR Table. (2) A group annuity or a pure endowment contract issued on or after July 1, 1985, and before July 1, 1999, shall be valued using the following tables: (a) the 1983 GAM Table; or (b) the 1994 GAR Table. (3) A group annuity or a pure endowment contract issued on or after July 1, 1999, shall be valued using the 1994 GAR Table.