Commissioners Standard Ordinary Mortality Table Cso

Definition of "Commissioners standard ordinary mortality table (cso)"

Table used in calculating minimum non forfeiture values and policy reserves for ordinary life insurance policies. These tables, which give minimum values that must be guaranteed to policy owners as approved by the national association of insurance commissioners (NAIC), depict the number of people dying each year out of the original population, not as individuals, but in age groups.

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