1958 CSO Table definition

1958 CSO Table means that mortality table developed by the Society of Actuaries Special Committee on New Mortality Tables, incorporated in the NAIC Model Standard Nonforfeiture Law for Life Insurance, and referred to in that model as the Commissioners 1958 Standard Ordinary Mortality Table.
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1958 CSO Table means that mortality table devel- oped by the society of actuaries special committee on new mortality tables, incorporated in the NAIC model standard nonforfeiture law for life insurance and referred to in that model as the commissioners 1958 standard ordinary mortal- ity table, and set forth in Proceedings of the National Associ- ation of Insurance Commissioners, 1959, Vol. I, p. 195 (also see 1960, Vol. I, p. 211, and 1978, Vol. I, p. 537) and referred to as commissioners 1958 standard ordinary mortality table (1958 CSO).
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Examples of 1958 CSO Table in a sentence

  • However, because of technical questions in some states regarding deficiency reserves, if any one or more of such premium rates for any policy year or years after the first will be less than the net premium rate or rates based on the 1958 CSO Table at 21/2% interest for the applicable mortality rating, then, in that event, only the latter rate or rates will be guaranteed by us.

  • However, because of technical questions in some states regarding deficiency reserves, if any one or more of such premium rates for any policy year or years after the first shall be less than the net premium rate or rates based on the 1958 CSO Table at 2 l/2% interest for the applicable mortality rating, then, in that event, only the latter rate or rates shall be guaranteed by the Reinsurer.

  • However, because of technical questions in some states regarding deficiency reserves, if any one or more of such premium rates for any policy year or years after the first shall be less than the net premium rate or rates based on the 1958 CSO Table at 2 1/2% interest for the applicable mortality rating, then, in that event, only the latter rate or rates shall be guaranteed by Occidental.