26 C.F.R. § 1.807-1   Mortality and morbidity tables.


Title 26 - Internal Revenue


Title 26: Internal Revenue
PART 1—INCOME TAXES
investment income

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§ 1.807-1   Mortality and morbidity tables.

(a) Tables to be used. If there are no commissioners' standard tables applicable to an insurance contract when the contract is issued, then the mortality and morbidity tables set forth in this subsection are used to compute reserves under section 807(d)(2) for the contract.

 ------------------------------------------------------------------------             Type of Contract                           Table------------------------------------------------------------------------1. Group term life insurance (active life   1960 Commissioners' Standard reserves).                                  Group Mortality Table.2. Group life insurance (active life        1959 Accidental Death reserves); accidental death benefits.       Benefits Table.3. Permanent and paid-up group life         Same table as are applicable insurance (active life reserves).           to males for ordinary life                                             insurance.4a. Group life insurance disability income  The tables of period 2 benefits (active life reserves).            disablement rates and the                                             1930 to 1950 termination                                             rates of the 1952                                             Disability Study of the                                             Society of Actuaries.4b. Group life insurance disability income  The 1930 to 1950 termination benefits (disabled life reserves).          rates of the 1952                                             Disability study of the                                             Society of Actuaries.5. Group life insurance; survivor income    Same tables as are benefits insurance.                         applicable to group                                             annuities.6. Group life insurance; extended death     1970 Intercompany Group life benefits for disabled lives.                Disability Valuation Table.7. Credit life insurance..................  1958 Commissions' Extended                                             Term Table.8. Supplementary contracts involving life   Same tables as are contingencies.                              applicable to individual                                             immediate annuities.9. Noncancellable accident and health       Tables used for NAIC annual insurance (active life reserves);           statement reserves as of benefits issued before 1984.                December 31, 1983.10a. Noncancellable accident and health     1964 Commissioners' insurance (active life reserves); group     Disability Tables. disability benefits issued after 1983 and individual disability benefits issued after 1983 and before 1989.10b. Noncancellable accident and health     1985 Commissioners' insurance (active life reserves);           Individual Disability Table individual disability benefits issued       A or Commissioners' after 1988.                                 Individual Disability Table                                             B.11. Noncancellable accident and health      1959 Accidental Death insurance (active life reserves);           Benefits Tables. accidental death benefits issued after 1983.12. Noncancellable accident and health      Tables used for NAIC annual insurance (active life reserves); all       statement reserves. benefits issued after 1983 other than disability and accidental death.13a. Noncancellable accident and health     1964 Commissioners' insurance (claim reserves); group           Disability Tables. disability benefits for all years of issue and individual disability benefits for years before 1989.13b. Noncancellable accident and health     1985 Commissioners' insurance (claim reserves); individual      Individual Disability Table disability benefits for years after 1988.   A or Commissioners'                                             Individual Disability Table                                             B.14. Noncancellable accident and health      Tables used for annual insurance (claim reserves); all benefits    statement reserves. other than disability for all years of issue.------------------------------------------------------------------------

(b) Adjustments. An appropriate adjustment may be made to the tables in paragraph (a) of this section to reflect risks (such as substandard risks) incurred under the contract which are not otherwise taken into account.

(c) Special rule where more than 1 table or option applicable. If, with respect to any category of risks, there are 2 or more tables (or options under 1 or more tables) in paragraph (a) of this section, the table (and option thereunder) which generally yields the lowest reserves shall be used to compute reserves under section 807(d)(2) for the contract.

(d) Effective date. This section is effective for taxable years beginning after December 31, 1983, except that the 1985 Commissioners' Individual Disability Tables A and B shall be treated (for purposes of section 807(d)(5)(B) and for purposes of determining the issue dates of contracts for which they shall be used) as if the tables were new prevailing commissioners' standard tables adopted by the twenty-sixth State on December 26, 1989.

[T.D. 8278, 54 FR 52934, Dec. 26, 1989; 55 FR 1768, Jan. 18, 1990]

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