prevailing commissioner’s standard tables for mortality and morbidity

  • The most recent tables prescribed by the NAIC and permitted by at least 26 states at the time an insurance contract is issued. Companies are given three full years after a particular set of tables becomes prevailing before it is mandatory to use these tables in computing reserves.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).