I-3, r. 1 - Regulation respecting the Taxation Act

Section 976.1r1.2 Disposition versions

2019-06-19

976.1R1.2. Where premiums or costs of insurance charges for a coverage under a life insurance policy do not depend directly on smoking or sex classification, the probability referred to in subparagraph d of the second paragraph of section 976.1R1 may be determined using rates of mortality otherwise determined, provided that for each age for the coverage, the expected value of the aggregate net cost of pure insurance, calculated using those rates of mortality, is equal to the expected value of the aggregate net cost of pure insurance, calculated using the mortality tables referred to in subparagraph b of the first paragraph of section 92.11R12.1.

S.Q. 2019, c. 14, s. 648.