Section 3.28.640. Gender-blended mortality tables.

	(a)  An insurer may elect to use a gender-blended mortality table for determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits for each plan of insurance if the  
		(1) same premium rates and charges are used for male and female lives; or  
		(2) insurer is prohibited by law from using mortality rates that differ by gender.  
	(b)  An insurer may issue the same type of life insurance policy on both a sex-distinct and sex-neutral basis.  
	(c)  For purposes of this section, "gender-blended mortality table" is a mortality table that is a blend of the male 2001 CSO Mortality Table and the female 2001 CSO Mortality Table.  

Authorities

21.06.090;21.18.110;21.18.160;21.45.300

Notes

Authority

AS 21.06.090 AS 21.18.110 AS 21.18.160 AS 21.45.300 Editor's note: The 2001 CSO Mortality Tables referenced in 3 AAC 28.640 may be obtained from the Society of Actuaries, 475 N. Martingale Road, Suite 600, Schaumburg, Illinois 60173; telephone number [phone].

History

Eff. 1/1/2005, Register 172

References

3.28.640