SECTION 4.2723. 2001 CSO Mortality Table

(a) At the election of the company for any one or more specified plans of insurance and subject to the conditions stated in this subchapter, the 2001 CSO Mortality Table may be used as the minimum standard for policies issued on or after May 1, 2003, and before the date specified in subsection (b) of this section to which Insurance Code §425.058(c)(3), concerning Computation of Minimum Standard: General Rule, and §1105.055(h), concerning Use of Mortality Tables and Interest Rates With Nonforfeiture Net Level Premium Method, and §4.2825 of this title (relating to General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves) are applicable. If the company elects to use the 2001 CSO Mortality Table, it must do so for both valuation and nonforfeiture purposes.

(b) Subject to the conditions stated in this subchapter, the 2001 CSO Mortality Table must be used in determining minimum standards for policies issued on and after January 1, 2009, and before January 1, 2017, to which Insurance Code §425.058(c) and §1105.055(h) and §4.2825 of this title are applicable, except as provided in Subchapter BB, Division 4 of this chapter (relating to Preneed Life Insurance Minimum Mortality Standards for Determining Reserve Liabilities and Nonforfeiture Values) for preneed life insurance policies and certificates. For policies issued on or after January 1, 2017, the valuation manual adopted under Insurance Code Chapter 425, Subchapter B, concerning Standard Valuation Law, provides applicable mortality tables.

(c) The minimum basis for computation of values related to extended term benefits will be the 2001 CSO Mortality Table under the requirements of this subchapter.

(d) The commissioner adopts by reference the 2001 CSO Mortality Table. The table is available from the Financial Regulation Division, Actuarial Office, MC: FRD, Texas Department of Insurance, P.O. Box 12030, Austin, Texas 78711-2030 or on the internet by accessing the department's website at www.tdi.texas.gov/rules/2003/ficso.html.

Source Note: The provisions of this §4.2723 adopted to be effective April 14, 2003, 28 TexReg 3056; amended to be effective December 29, 2008, 33 TexReg 10441; amended to be effective May 11, 2022, 47 TexReg 2758; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250