**6.6.5304** APPLICATION OF THE 2012 IAR MORTALITY TABLE

(1) In using the 2012 IAR Mortality Table, the mortality rate for a person age x in year (2012 + n) is calculated as follows:

(a) q_{x}^{2012+n }= q_{x}^{2012}(1-G2_{x})^{n};

(b) the resulting q_{x}^{2012+n} shall be rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000;

(c) also, the rounding shall occur according to the formula above, starting at the 2012 period table rate. For example:

(i) for a male age 30, q_{x}^{2012 }= 0.741, q_{x}^{2013} = 0.741 * (1-0.010) ^ 1 = 0.73359, which is rounded to 0.734. q_{x}^{2014} = 0.741 * (1-0.010) ^ 1 = 0.7262541, which is rounded to 0.726.

(ii) a method leading to incorrect rounding would be to calculate q_{x}^{2014} as q_{x}^{2013 }* (1-0.010), or 0.734 * 0.99 = 0.727.

(d) It is incorrect to use the already rounded q_{x}^{2013} to calculate q_{x}^{2014}.

History: 33-1-313, 33-2-418, MCA; __IMP__, 33-2-410, MCA; __NEW__, 2016 MAR p. 2328, Eff. 1/1/17.