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Florida Administrative Code (Last Updated: June 27, 2024) |
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69. Department of Financial Services |
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69O. OIR – Insurance Regulation |
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69O-162. Annuity Contracts |
1(1) The Annuity 2000 Mortality Table shall be used for determining the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after July 1, 1998 and on or before December 31, 2014.
39(2) The 2012 IAR Table shall be used for determining the minimum standard of valuation for any individual annuity or pure endowment contract issued on or after January 1, 2015, for valuation dates on or after September 30, 2015.
78(3) The 1983 Table “a” without projection is to be used for determining the minimum standard of valuation for an individual annuity or pure endowment contract issued on or after July 1, 1998, solely when the contract is based on life contingencies and is issued to fund periodic benefits arising from:
129(a) Settlements of various forms of claims pertaining to court settlements or out of court settlements for tort actions;
148(b) Settlements involving similar actions such as workers compensation claims; or
159I Settlements of long term disability claims where a temporary or life annuity has been used in lieu of continuing disability payments.
181Rulemaking Authority 183624.308, 184625.121(5)(k) FS. 186Law Implemented 188624.307(1), 189625.121 FS. 191History–New 12-23-98, Formerly 4-162.104, Amended 7-28-15.
