R 500.1282 Adoption by reference.
Rule 2. The 1980 CSO table, with or without 10-year select mortality factors, the 1958 CSO table,
the 1980 CET table, the 1958 CET table, and the corresponding smoker and nonsmoker mortality
tables are adopted by reference and incorporated in these rules. A copy of the tables may be
obtained free of charge from the Michigan Insurance Bureau, P.O. Box 30220, Lansing, Michigan
48909, or at a cost of 20 cents per page from the National Association of Insurance Commissioners,
1125 Grand Avenue, Kansas City, Missouri 64106.
History: 1986 AACS.
R 500.1283 Utilization of the 1958 CSO and CET smoker and nonsmoker mortality tables.
Rule 3. (1) In determining minimum cash surrender values, minimum amounts and minimum
periods of paid-up nonforfeiture benefits and minimum reserve liabilities, the 1958 CSO and CET
smoker and nonsmoker mortality tables may only be used as set forth in this rule. The requirements
of this rule shall apply to any policy of insurance delivered or issued for delivery in this state after
the operative date of paragraphs 9 to 19 of section 4060(5) of Act No. 218 of the Public Acts of
1956, as amended, being S500.4060(5), paragraphs 9 to 19, of the Michigan Compiled Laws, for
that policy form, and before January 1, 1989. The 1958 CSO smoker and nonsmoker mortality
tables may be substituted for the 1980 CSO table, with or without 10-year select mortality factors,
and the 1958 CET smoker and nonsmoker mortality tables may be substituted for the 1980 CET
table.
(2) For any category of insurance issued on female lives with minimum reserve liabilities and
minimum cash surrender values and amounts of paid-up nonforfeiture benefits determined using
the 1958 CSO or 1958 CET smoker and nonsmoker mortality tables, such minimum values may
be calculated according to an age not more than 6 years younger than the actual age of the insured.
(3) The 1958 CSO and CET smoker and nonsmoker mortality tables shall be utilized only if they
are applicable to every insurance policy corresponding to the policy form for which the insurer has
elected to use these tables.
History: 1986 AACS.
R 500.1284 Utilization of the 1980 CSO and CET smoker and nonsmoker mortality tables.
Rule 4. (1) In determining minimum cash surrender values, minimum amounts and minimum
periods of paid-up nonforfeiture benefits and minimum reserve liabilities, the 1980 CSO and CET
smoker and nonsmoker mortality tables may only be used as set forth in this rule. The requirements
of this rule shall apply to any policy of insurance delivered or issued for delivery in this state after
the operative date of paragraphs 9 to 19 of section 4060(5) of Act No. 218 of the Public Acts of
1956, as amended, being S500.4060(5), paragraphs 9 to 19, of the Michigan Compiled Laws, for
that policy form, at the option of the company. The 1980 CSO smoker and nonsmoker mortality
tables, with or without 10-year select mortality factors, may be substituted for the 1980 CSO table,
with or without 10-year select mortality tables, and the 1980 CET smoker and nonsmoker mortality
tables may be substituted for the 1980 CET table.
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