Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau Of Insurance
Chapter 50. Rules Governing New Annuity Mortality Tables for Use in Determining Reserve Liabilities for Annuities

14VAC5-50-10. Purpose.

The purpose of this chapter is to recognize the following mortality tables for use in determining the minimum standard of valuation for annuity and pure endowment contracts: the 1983 Group Annuity Mortality (1983 GAM) Table, the 1983 Table "a," the Annuity 2000 Mortality Table, the 2012 Individual Annuity Reserving (2012 IAR) Mortality Table, and the 1994 Group Annuity Reserving (1994 GAR) Table.

Statutory Authority

§§ 12.1-13 and 38.2-223 of the Code of Virginia.

Historical Notes

Derived from Regulation No. 27, Case No. INS850208 § 2, eff. December 31, 1985; amended, Volume 14, Issue 03, eff. October 15, 1997; Volume 30, Issue 05, eff. January 1, 2015.

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