OAR 836-051-0235
Application of the 2012 IAR Mortality Table

(1)

In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows: q*x **2012+n** = qx**2012** (1 – G2x)**n**. The resulting qx 2012+n shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also, the rounding shall occur according to the formula above, starting at the 2012 period table rate.

(2)

For example, for a male age 30, qx 2012= 0.741. qx 2013= 0.741 * (1 – 0.010) ^ 1 = 0.73359, which is rounded to 0.734. qx 2014= 0.741 * (1 – 0.010) ^ 2 = 0.7262541, which is rounded to 0.726.

(3)

A method leading to incorrect rounding would be to calculate qx 2014 as qx 2013 * (1 – 0.010), or 0.734 * 0.99 = 0.727.

(4)

It is incorrect to use the already rounded qx 2013 to calculate qx 2014.

Source: Rule 836-051-0235 — Application of the 2012 IAR Mortality Table, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-051-0235 (accessed May 26, 2025).

836–051–0005
Statutory Authority 836–051–0010
Definitions 836–051–0015
Disclosure Requirements 836–051–0020
General Requirements 836–051–0030
Purpose and Applicability 836–051–0032
Definition 836–051–0034
Exemptions 836–051–0036
Disclosure Requirements 836–051–0038
Insurer Duties 836–051–0040
Trade Practice Regulation 836–051–0101
Statutory Authority 836–051–0106
Life Insurance Valuation and Nonforfeiture Standards 836–051–0110
Life Insurance Nonforfeiture Standards for Men and Women 836–051–0115
Smoker/Nonsmoker Mortality Tables 836–051–0150
Individual Deferred Annuities Surrender Charge 836–051–0153
Limitations on Surrender Charge Scales 836–051–0156
Fair Surrender Charges 836–051–0200
Authority 836–051–0210
Purpose 836–051–0220
Definitions 836–051–0230
Individual Annuity or Pure Endowment Contracts 836–051–0235
Application of the 2012 IAR Mortality Table 836–051–0240
Group Annuity or Pure Endowment Contracts 836–051–0250
Application of the 1994 GAR Table 836–051–0300
Statutory Authority 836–051–0310
Acknowledgement of Concurrence for Payout from Assignee or Beneficiary 836–051–0320
Payment Options 836–051–0330
Disclosure 836–051–0340
Exercise of the Accelerated Benefit 836–051–0350
Waiver of Premium 836–051–0360
Discrimination 836–051–0370
Minimum Benefit Standards 836–051–0380
Actuarial Disclosure and Reserves 836–051–0500
Purpose 836–051–0510
Applicability and Scope 836–051–0520
Definitions 836–051–0530
Policies to Be Illustrated 836–051–0540
General Rules and Prohibitions 836–051–0550
Standards for Basic Illustrations 836–051–0560
Standards for Supplemental Illustrations 836–051–0570
Delivery of Illustration and Record Retention 836–051–0580
Annual Report 836–051–0590
Annual Certifications 836–051–0600
Trade Practice Regulation 836–051–0700
Authorization, Genetic Testing 836–051–0750
Purpose 836–051–0755
Definitions 836–051–0760
Minimum Valuation Mortality Standards 836–051–0765
Minimum Valuation Interest Rate Standards 836–051–0770
Minimum Valuation Method Standards 836–051–0775
Transition Rules 836–051–0900
Purpose 836–051–0905
Applicability and Scope 836–051–0910
Definitions 836–051–0915
Standards for the Disclosure Document and Buyer’s Guide 836–051–0920
Report to Contract Owners 836–051–0925
Trade Practice Regulation

May 26, 2025

Rule 836-051-0235's source at or​.us