rr-01-38.pdf

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# Part I

Section 807. -- Rules for Certain Reserves

Rev. Rul. 2001-38

For purposes of section 807 (d) (5) of the Internal Revenue
Code, this ruling clarifies and supplements the schedule of
prevailing commissioners' standard tables of mortality and
morbidity set forth in Part I of Rev. Rul. 92-19, 1992-1 C.B.
227. This information is to be used by insurance companies in
computing their reserves for (1) life insurance and supplemen-
tary total and permanent disability benefits, (2) individual
annuities and pure endowments, and (3) group annuities and pure
endowments.

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# Schedule of Prevailing Commissioners' Standard Tables -- Products Issued In 1992-2000 Inclusive.

TABLES

Life Insurance
and Supplementary Total and
Permanent Disability Benefits

Individual
Annuities and
Pure Endowments

Group
Annuities and
Pure Endowments

Year 2

Ordinary Contracts

Industrial Policies

Life

Disability

1992

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1993

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1994

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1995

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1996

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1997

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1998

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1999

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| Annuity 2000 Mortality Table 94 GAR

2000

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## NOTES TO THE SCHEDULE OF PREVAILING COMMISSIONERS' TABLES

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1\.
Stated in the schedule is the most recent mortality table
permitted as of January 1 of the year for valuation of
policies of the specified type issued in that year under the
valuation laws of at least 26 states. For policies issued
prior to 1992, please refer to Rev. Rul. 92-19, 1992-1 C.B.
227 which clarified and supplemented Rev. Rul. 87-26, 1987-1
C.B. 158.

The abbreviations used stand for the following mortality
tables :

Annuity 2000 Mortality Table:

The Annuity 2000 Mortality Table is an individual,
mortality table and is a sex distinct table. This
table is not applicable to contracts based on settle-
ments of various forms of claims pertaining to court
settlements or out of court settlements from tort
actions, settlements involving similar actions such as
worker compensation claims or settlements of long term
disability claims where a temporary or life annuity has
been in used in lieu of continuing disability payment.
For these contracts, the 1983 Table a should be
used.

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94 GAR:
1994 Group Annuity Reserving Table
The 94 GAR is a sex-distinct table to determine the
reserves for a group.

2\.
The year indicated is the first year the table may be used
for federal income tax purposes. Section 807 (d) (5) (A)
states that the specified table may be used as the prevail-
ing table from the beginning of the calendar year in which
the table becomes prevailing. The former table, however,
may be used as the prevailing table for that calendar year
and three subsequent years. Rev. Rul. 87-26.

### EFFECT ON OTHER REVENUE RULINGS

Rev. Rul. 92-19 is supplemented by the addition to Part I of
that ruling of the commissioners standard tables of mortality
and morbidity under 807 for certain insurance products issued
after January 1, 1999. Parts II, III, and IV are not affected by
this ruling.

### DRAFTING INFORMATION

The principal author of this revenue ruling is Sumit Mitra
of the Office of Assistant Chief Counsel (Financial Institutions
and Products) . For further information regarding this revenue
ruling contact either him or Donald J. Drees, Jr. at (202) 622-
3970 (not a toll-free call) .