NOTICE OF ADOPTION- Chapter 84 Model Regulation Permitting the Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities
Chapter 84 of the Insurance Department Rules and Regulations was filed with the Secretary of State for adoption on July 6, 2009, with an implementation date of July 11, 2009.
Chapter 84 entitled, “Model Regulation Permitting the Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities” was adopted to allow the utilization of the 2001 CSO Preferred Class Structure Mortality Table in substitution of the 2001 CSO Smoker or Nonsmoker Mortality Table as the minimum valuation standard for life insurance policies issued on or after January 1, 2004 that meet the conditions for the use of the preferred rate structure tables in substitution for the 2001 CSO Mortality Tables.
Copies of Chapter 84 may be obtained by forwarding a check in the amount of $2.00 for each copy requested made payable to the Nebraska Department of Insurance, 941 O Street, Suite 400, Lincoln, Nebraska 68508, and through the Department’s web site at www.doi.ne.gov. Any questions concerning Chapter 84 should be directed to Mike Boyd.