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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 365. Insurance Department |
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Chapter 10. Life, Accident and Health |
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Subchapter 21. Recognition of the 2001 CSO Mortality Table for Use in Determining Minimum Reserve Liabilities and Nonforfeiture Benefits Regulation |
SECTION 365:10-21-4. 2001 CSO Mortality Table
Latest version.
- (a) At the election of the company for any one or more specified plans of insurance and subject to the conditions stated in this regulation, the 2001 CSO Mortality Table may be used as the minimum standard for policies issued on or after July 14, 2003 and before the date specified in Subsection (b) to which 36 O.S. § 1510(A)(4)(iii) and 36 O.S. § 4029(H)(4)(h)(vi) of the Oklahoma Insurance Laws and O.A.C. 365:10-17-4(a) and (b) of the Oklahoma Insurance Department Regulations are applicable. If the company elects to use the 2001 CSO Mortality Table, it shall do so for both valuation and nonforfeiture purposes.(b) Subject to the conditions stated in this regulation, the 2001 CSO Mortality Table shall be used in determining minimum standards for policies issued on and after January 1, 2009, to which 36 O.S. § 1510(A)(4)(iii) and 36 O.S. § 4029(H)(4)(h)(vi) of the Oklahoma Insurance Laws and O.A.C. 365:10-17-4(a) and (b) of the Oklahoma Insurance Department Regulations are applicable.