Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-96. Rule to Recognize New Annuity Mortality Tables for Use in Determining Reserve Liabilities for Annuities |
R590-96-5. Application of the 2012 IAR Table
Latest version.
-
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; where qx2012 is a mortality rate applicable to a person age x in the 2012 IAM Period Table and G2x is an annual mortality improvement factor applicable to a person age x in the Projection Scale G2.
B. The resulting mortality rate qx2012 + n shall be rounded to six decimal places.