Regulation .02 Definitions.

In this chapter, the following terms have the meanings indicated.

Terms Defined.

(1)

"1983 GAM Tables" means the mortality tables:

(a)

Developed by the Society of Actuaries Committee on Annuities;

(b)

Adopted as a recognized mortality table for annuities in December 1983 by the National Association of Insurance Commissioners; and

(c)

Set out in Regulation .03 of this chapter.

(2)

"1983 Table “a” means the mortality table:

(a)

Developed by the Society of Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity Valuation;

(b)

Adopted as a recognized mortality table for annuities in June 1982 by the National Association of Insurance Commissioners; and

(c)

Set out in COMAR 31.05.04.03.

(3)

"1994 GAR Table" means the mortality table:

(a)

Developed by the Society of Actuaries Group Annuity Valuation Table Task Force; and

(b)

Set out in Regulation .04 of this chapter.