Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 05. ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS |
Chapter 31.05.04. Valuation Standards for Individual Annuity and Pure Endowment Contracts |
Sec. 31.05.04.08. Application of the 2012 IAR Table
Latest version.
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A. In using the 2012 IAR Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:
qx2012+n = qx2012(1 - G2x)n.
B. The resulting qx2012+n, as calculated in §A of this regulation, shall be rounded to three decimal places per 1,000.
C. The rounding described in §B of this regulation shall occur according to the formula in §A of this regulation, starting at the 2012 period table rate.