NU Online News Service, Aug. 21, 6:46 p.m. – The Internal Revenue Service says life insurers can use the Commissioners’ Standard 1994 Group Annuity Reserving Table to compute reserves for tax purposes for individual annuities, group annuities, and pure endowments for groups and individuals issued after Jan. 1, 1999.

The IRS published Revenue Rule 2001-38, a ruling on the table, in the Internal Revenue Bulletin (Aug. 13, page 124), which is available on the Web at

Sumit Mitra of the office of the assistant chief counsel for financial institutions and products is listed as the principal author of the ruling.