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

14VAC5-50-41. 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.

Statutory Authority

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

Historical Notes

Derived from Virginia Register Volume 14, Issue 3, eff. October 15, 1997; amended, Virginia Register Volume 30, Issue 5, eff. January 1, 2015.

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