Hearing Topic: Rule 8
Date: July 29, 2014
Time: 10:00 AM
Location: Poydras Hearing Room, Louisiana Department of Insurance
Third Street, Baton Rouge, LA 70802
Description of Accepted Action: Louisiana Department of Insurance propose to amend Rule Number 8 to maintain consistency with the National Association of Insurance Commissioners’ (NAIC) model rule regarding the mortality tables for use in determining the minimum standard of valuation for annuity and pure endowment contracts: the 1983 Table "a," the 1983 Group Annuity Mortality (1983 GAM) Table, the Annuity 2000 Mortality Table, the 2012 Individual Annuity Reserving (2012 IAR) Table, and the 1994 Group Annuity Reserving (1994 GAR) Table.
Prior Rule: Rule Number 8 - A New Annuity Mortality Table for Use in Determining Reserve Liabilities for Annuities
Accepted Changes: Proposed Rule 8
Adopted Rule: Rule 8
Effective Date: January 1, 2015
Notice of Intent: Rule 8 - Notice of Intent
Rule Summary Report: Rule 8 Summary Report The report was forwarded to the Legislative Oversight Committee on August 5, 2014.
Second Agency Public Hearing Date and Report, if Necessary
Optional Legislative Oversight Subcommittee Report
Contact Person for Inquiries or to Submit Written Comments on This Action:
Interested persons may submit written comments on the proposed amendments to Rule Number 8 until 5:00 p.m., Tuesday July 29, 2014, to Walter Corey, Division of Legal Services, Louisiana Department of Insurance, P.O. Box 94214, Baton Rouge, LA 70804.