TITLE 50: INSURANCE CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER s: LEGAL RESERVE LIFE INSURANCE PART 1409 VALUATION OF LIFE INSURANCE POLICIES INCLUDING THE USE OF SELECT MORTALITY FACTORS The General Assembly's Illinois Administrative Code database includes only those rulemakings that have been permanently adopted. This menu will point out the Sections on which an emergency rule (valid for a maximum of 150 days, usually until replaced by a permanent rulemaking) exists. The emergency rulemaking is linked through the notation that follows the Section heading in the menu. View Entire Part Section 1409.10 Purpose Section 1409.20 Applicability Section 1409.30 Definitions Section 1409.40 General Calculation Requirements for Basic Reserves and Deficiency Reserves Section 1409.50 Calculation of Minimum Valuation Standard for Policies with Guaranteed Nonlevel Premiums or Guaranteed Nonlevel Benefits (Other Than Universal Life Policies) Section 1409.60 Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period Section 1409.70 Use of 2001 CSO Mortality Table Section 1409.80 Use of 2001 CSO Preferred Class Structure Mortality Table Section 1409.APPENDIX A Select Mortality Factors Section 1409.ILLUSTRATION A Male Aggregate Section 1409.ILLUSTRATION B Male, Non-Smoker Section 1409.ILLUSTRATION C Male, Smoker Section 1409.ILLUSTRATION D Female, Aggregate Section 1409.ILLUSTRATION E Female, Non-Smoker Section 1409.ILLUSTRATION F Female, Smoker

AUTHORITY: Implementing Section 223 and authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5/223 and 401].

SOURCE: Adopted at 20 Ill. Reg. 12359, effective September 3, 1996; amended at 23 Ill. Reg. 14306, effective January 1, 2000; amended at 28 Ill. Reg. 9262, effective July 1, 2004; amended at 31 Ill. Reg. 14700, effective October 16, 2007; amended at 32 Ill. Reg. 19713, effective January 1, 2009; amended at 34 Ill. Reg. 6865, effective April 29, 2010; amended at 42 Ill. Reg. 14225, effective July 12, 2018.