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 935.55 APPLICATION OF THE 1994 GAR TABLE
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 935.55 APPLICATION OF THE 1994 GAR TABLE
Section 935.55 Application of the 1994 GAR Table
In using the 1994 GAR Table, the mortality rate for a person age x in year (1994 + n) is calculated as follows:
qx1994 + n = qx1994(1-AAx)n
where the qx1994 and AAx are as specified in the 1994 GAR Table.
(Source: Added at 22 Ill. Reg. 16473, effective January 1, 1999)