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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES PART 935 THE MINIMUM MORTALITY STANDARD FOR VALUATION OF ANNUITY AND PURE ENDOWMENT CONTRACTS SECTION 935.45 APPLICATION OF THE 2012 IAR MORTALITY TABLE
Section 935.45 Application of the 2012 IAR Mortality Table
a) In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:
b) The resulting
c) For
example, for a male age 30,
d) A method leading to incorrect rounding would be to calculate
(Source: Added at 38 Ill. Reg. 12862, effective January 1, 2015) |