Commissioners Standard Industrial Mortality Table (csi)

Definition of "Commissioners standard industrial mortality table (csi)"

Table used in calculating various nonforfeiture values for industrial life insurance policies. These tables give the minimum values that must be generated to the policyowner. The insured's life expectancy, according to the Commissioners Standard Industrial Mortality Table, is shorter than the life expectancy given in ordinary life tables such as the commissioners standard ordinary mortality table (CSO). Thus the Industrial Mortality Table's premiums are relatively higher than those based on the CSO Table. This is because the life expectancy of purchasers of industrial policies tends on average to be less than that of people who buy ordinary life policies.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Health insurance that is not subject to alteration, termination, or increase in premium upon renewal. ...

Viewpoint that an insurer whose liability policy is in force at the time of an accident or injury should pay a claim. See also long-tail liability; manifestation/injury theory. ...

Trust in which the trustee distributes capital and income to the beneficiaries of the trust according to their economic needs. ...

Reinstatement of an insurance policy or bond to its original face amount (face of policy) after the payment by the insurer of a loss. The purpose of this type of coverage is to indemnify ...

Provision in a property, liability, or health insurance policy stipulating the extent of coverage in the event that other insurance covers the same property. ...

Phrase in most liability insurance policies that eliminates from coverage damage or destruction to property under the care, custody, and control of an insured. Such coverage is excluded ...

Automatic reinsurance that requires an insurer to transfer (cede) and the reinsurer to accept the part of every risk that exceeds the insurer's predetermined retention limit. The reinsurer ...

Coverage that will indemnify the insured for the expenses, up to the limits of the policy, if a building is damaged by a peril such as fire, and zoning requirements and/or building codes ...

Cost per unit of insurance. ...

Popular Insurance Questions