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 |
R590-96-7. 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 is a mortality rate applicable to a person age x in the 1994 GAM Table and AAxs is an annual mortality improvement factor applicable to a person age x in the Projection scale AA.