<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 31.05.04.02" title_num="31" subtitle_num="05" chapter_num="04" heading="Definitions.">
  <paragraph num="A.">
    <text>In this chapter, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>“Annuity 2000 Mortality Table” means the mortality table:</text>
      <paragraph num="(a)">
        <text>Developed by the Society of Actuaries Committee on Life Insurance Research; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Set out in Regulation .04 of this chapter.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>“Generational mortality table” means a mortality table containing a set of mortality rates that decrease for a given age from one year to the next based on a combination of a period table and a projection scale containing rates of mortality improvement.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>“Period table” means a table of mortality rates applicable to a given calendar year.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“Projection Scale G2” means a table:</text>
      <paragraph num="(a)">
        <text>Containing annual rates, G2x, of mortality improvement by age for projecting future mortality rates beyond calendar year 2012;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Developed by the Society of Actuaries Committee on Life Insurance Research; and</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Set out in Regulation .07 of this chapter.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(5)">
      <text>"1983 Table “a” means the mortality table:</text>
      <paragraph num="(a)">
        <text>Developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners; and</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Set out in Regulation .03 of this chapter.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(6)">
      <text>“2012 Individual Annuity Mortality Period Life Table” or “2012 IAM Period Table” means the period table containing loaded mortality rates for calendar year 2012. This table:</text>
      <paragraph num="(a)">
        <text>Contains rates, qx2012,  developed by the Society of Actuaries Committee on Life Insurance Research; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Is set out in Regulation .06 of this chapter.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(7)">
      <text>“2012 Individual Annuity Reserving Table” or “2012 IAR Table” means the generational mortality table:</text>
      <paragraph num="(a)">
        <text>Developed by the Society of Actuaries Committee on Life Insurance Research; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Containing rates, qx2012+n, that are derived from a combination of the 2012 IAM Period Table and Projection Scale G2 using the methodology set out in Regulation .08 of this chapter.</text>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>