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

Difference between the earned premiums and the losses and expenses of an insurance company. ...

Same as term Cargo Insurance: shipper's policies covering one cargo exposure or all cargo exposures by sea on all risks basis. Exclusions include war, nuclear disaster, wear and tear, ...

Endorsement to the commercial general liability insurance (CGL) policy that provides liability coverage to an insured business for damages anywhere in the world. Policies typically have ...

Payments due to an insurance company but not yet paid. ...

Individuals other than the crew of a ship who forcefully steal the ship and/or its cargo. This event is an insured peril under ocean marine insurance. ...

Coverage for dental services under a group or individual policy. ...

Reinsurance marketplace modeled after Lloyd's of London. Like Lloyd's, the New York Insurance Exchange is a market for hard-to-place risks and for the placement of excess or surplus lines. ...

Health characteristic considered by an insurer underwriting an applicant for life or health insurance. Many insurance companies charge reduced premiums for nonsmokers. ...

Arrangement whereby an insurance company agrees to pay specified health care service vendors a predetermined sum for providing such services to the covered individuals. ...

Popular Insurance Questions