Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE50. INSURANCE |
PART935. THE MINIMUM MORTALITY STANDARD FOR VALUATION OF ANNUITY AND PURE ENDOWMENT CONTRACTS |
§935.55. Application of the 1994 GAR Table
Latest version.
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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.
(Source: Added at 22 Ill. Reg. 16473, effective January 1, 1999)