What is the name of the table of mortality that serves as the legally recognized basis for computing maximum reserves on policies?

The Commissioner's Standard Ordinary (CSO) Table is the legally recognized basis for computing maximum reserves on life insurance policies. This table provides a standardized measure of mortality rates that help insurers determine the adequacy of their reserves for future policyholder claims. The CSO Table is essential because it allows insurance companies to calculate the necessary funds to ensure they can meet obligations as policies mature and claims are filed. This table is utilized to create a uniformity in reserve calculations, ensuring that companies remain solvent and can fulfill their long-term commitments to policyholders.

The other tables mentioned do not hold the same regulatory recognition or functionality in reserve calculations. For example, the Standard Mortality Table and the Life Expectancy Table may offer insights into general mortality trends, but they do not serve as the legal framework for reserve calculations. The State Insurance Table is not a recognized term within the established legal framework for mortality and reserve assessments.