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Public and Rule-Making Hearing Notices

Rule-Making Hearing Notices

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

Summary of Proposed 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.

Anticipated Effective Date: September 21, 2014

Notice of Intent: Rule 8 - Notice of Intent

Proposed Rule: Proposed Rule 8

Current Rule: Rule Number 8 - A New Annuity Mortality Table for Use in Determining Reserve Liabilities for Annuities

Rule Summary Report: Rule 8 Summary Report
The report was forwarded to the Legislative Oversight Committee on August 5, 2014.

Contact Person: Walt Corey
Louisiana Department of Insurance, Legal Division
P.O. Box 94214, Baton Rouge, LA 70804