Definition Of Commissioners Standard Ordinary Mortality Table (cso) In Insurance

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

Danny Utterbeck & Tim Willmorth, Real Estate Agent Equity Northwest Idaho

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.