Skip to content
Insurance Pass
Start Free
Regulation · Hawaii

Hawaii Administrative Rules Title 16 Chapter 171, Subchapter 4 (2001 CSO Mortality Table), Subchapter 5 (Preferred Mortality Tables) and Subchapter 9 (Valuation of Life Insurance Policies), HAR 16-171-401 to 16-171-405, 16-171-501 to 16-171-504, 16-171-901 to 16-171-906 (REGULATIONS, not HRS)

Publisher
Hawaii Department of Commerce and Consumer Affairs, Insurance Division
Edition
Amendment and compilation of chapter 16-171 dated September 30, 2021
Last checked
2026-09-02
Status
Hawaii Administrative Rules, Insurance Division, public domain
Edition and licensing notes

Edition. Amendment and compilation of chapter 16-171 dated September 30, 2021; adopted September 30, 2021; filed December 13, 2021; effective January 1, 2022 (taken from the rule's own filing page)

Status. Hawaii Administrative Rules, Insurance Division, public domain.

Read the official textPractice questions from this source

What this document is

Hawaii Administrative Rules Title 16 Chapter 171, Subchapter 4 (2001 CSO Mortality Table), Subchapter 5 (Preferred Mortality Tables) and Subchapter 9 (Valuation of Life Insurance Policies), HAR 16-171-401 to 16-171-405, 16-171-501 to 16-171-504, 16-171-901 to 16-171-906 (REGULATIONS, not HRS) is a regulation published by Hawaii Department of Commerce and Consumer Affairs, Insurance Division. It is one of the Hawaii documents that insurance license exam questions are written from, including hawaii life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Hawaii Administrative Rules ch. 16-171 § 16-171-404(d) (Actuarial opinion based on asset adequacy analysis; exemption)
    “When the 2001 CSO Mortality Table is the minimum reserve standard for any plan for an insurer, the actuarial opinion in the annual statement filed by the insurer with the commissioner shall be based on an asset adequacy analysis as specified in sections 431:5-307 and 431:10D-104, HRS. Upon...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-905(a) (Basic reserves for policies with guaranteed nonlevel gross premiums or benefits)
    “Basic reserves shall be calculated as the greater of the segmented reserves and the unitary reserves. Both the segmented reserves and the unitary reserves for any policy shall use the same valuation mortality table and selection factors.”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-404(b) (Conditions on use of the 2001 CSO Mortality Table)
    “For plans of insurance without separate rates for smokers and nonsmokers, the insurers shall use the composite mortality tables.”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-403(a) (Insurer election to use the 2001 CSO Mortality Table)
    “At the election of the insurer and for any one or more of the insurer's specified plans of insurance and subject to the conditions stated in section 16-171-404, the 2001 CSO Mortality Table may be used as the minimum standard for policies issued on or after January 1, 2005, and in sections...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-504(c) (Conditions; statistical reports on preferred class structure table)
    “Unless exempted by the commissioner, every authorized insurer using the 2001 CSO Preferred Class Structure Mortality Table shall annually file with the commissioner, the NAIC, or a statistical agent designated by the NAIC and acceptable to the commissioner, statistical reports showing mortality and...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-405(a) (Gender-blended tables; permitted substitution)
    “For any ordinary life insurance policy delivered or issued for delivery in this State on and after January 1, 2005, that utilizes the same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit distinctions on the basis of gender, a...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-405(c) (Gender-blended tables; issuing on both a sex-distinct and sex-neutral basis)
    “It shall not, in and of itself, be a violation of article 13 of chapter 431, HRS, for an insurer to issue the same kind of policy of life insurance on both a sex-distinct and sex-neutral basis.”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-503(c) (2001 CSO Preferred Class Structure Table; limited treatment as part of the CSO table)
    “A table from the 2001 CSO Preferred Class Structure Mortality Table used in place of a 2001 CSO Mortality Table, pursuant to the requirements of this section, will be treated as part of the 2001 CSO Mortality Table only for purposes of reserve valuation pursuant to the requirements of subchapter 4,...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-904(c) (General calculation requirements; select mortality factors after reentry)
    “This subsection applies to both basic reserves and deficiency reserves. Any set of select mortality factors may be used only for the first segment. If the first segment is less than ten years, however, the appropriate ten-year select mortality factors incorporated into the 1980 amendments to the...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-904(e) (General calculation requirements; reserves after a unilateral post-issue guarantee change)
    “Reserves for policies that have changes to guaranteed gross premiums, guaranteed benefits, guaranteed charges, or guaranteed credits that are unilaterally made by the insurer after issue and that are effective for more than one year after the date of the change shall be the greatest of the...”
  • Hawaii Administrative Rules ch. 16-171 § 16-171-906(a)(2) (Universal life secondary guarantees; policy containing more than one secondary guarantee)
    “A secondary guarantee period is the period for which the policy is guaranteed to remain in force subject only to a secondary guarantee. When a policy contains more than one secondary guarantee, the minimum reserve shall be the greatest of the respective minimum reserves at that valuation date of...”
  • Haw. Admin. R. § 16-171-405(a) (Hawaii Administrative Rules Title 16 Chapter 171, Subchapter 4)
    “§16-171-405 Gender-blended tables. (a) For any ordinary life insurance policy delivered or issued for delivery in this State on and after January 1, 2005, that utilizes the same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit...”

Practice this material

Hawaii Life & Health practice test

Questions about this source

Hawaii Administrative Rules Title 16 Chapter 171, Subchapter 4 (2001 CSO Mortality Table), Subchapter 5 (Preferred Mortality Tables) and Subchapter 9 (Valuation of Life Insurance Policies), HAR 16-171-401 to 16-171-405, 16-171-501 to 16-171-504, 16-171-901 to 16-171-906 (REGULATIONS, not HRS) is a regulation published by Hawaii Department of Commerce and Consumer Affairs, Insurance Division. Edition: Amendment and compilation of chapter 16-171 dated September 30, 2021; adopted September 30, 2021; filed December 13, 2021; effective January 1, 2022 (taken from the rule's own filing page).

No. This page summarizes the document and links to the official version. Always rely on the text published by Hawaii Department of Commerce and Consumer Affairs, Insurance Division for the current law.

Practice questions for Hawaii Life & Health cite this document.

More Hawaii sources

See all Hawaii sources →