Reserves
The minimum statutory reserve standard for all life and annuity products.
Reserves Resources
NAIC Report
Life Reserves Work Group Presentation at NAIC Spring 2019 National Meeting
Life Reserves Work Group presentation to the Life Actuarial (A) Task Force on PBR treatment for individually underwritten group insurance.
Topics: NAIC
Comment / Letter
Revised APF on Aggregation of Mortality Segments
Life Reserves Work Group revised APF on the aggregation of mortality segments in VM-20.
Topics: NAIC
NAIC Report
AOM Communication Improvement Report
Report by AOM Discussion Group on ideas to improve the communication of issues within the appointed actuary’s memorandum.
Topics: NAIC
NAIC Report
Academy Presentation on PBR at NAIC Financial Summit
Presentation to regulators at NAIC Financial Summit regarding practical application of PBR Valuation on life insurance.
NAIC Report
Aggregate Margin Task Force Update
Aggregate Margin Task Force update to the Life Actuarial Task Force on the development of aggregate margins to replace the current individual margins for use in VM-20.
Topics: NAIC
NAIC Report
FS/RM PBR Review and Updating Amendment to LATF
Financial Soundness/Risk Management Committee’s amendment proposal form to the NAIC Life Actuarial Task Force regarding the addition of a PBR Review and Updating Process to VM-00.
NAIC Report
Academy/SOA POG Reports on New Mortality Tables
Life Experience Subcommittee presentation providing a report of the joint SOA/Academy Project Oversight Group regarding new mortality tables.
Topics: NAIC
NAIC Report
ARWG Report on Definition of Deterministic Reserves in VM-22
ARWG report to the NAIC’s Life Actuarial Task Force regarding the development of a possible definition of Deterministic Reserves for use in VM-22 at the NAIC’s Spring National Meeting with…
Topics: NAIC
NAIC Report
LRWG Amendment Proposal Regarding VM-20
LRWG’s amendment proposal form regarding VM-20 to the Life Actuarial Task Force at the NAIC’s Spring National Meeting.
Topics: NAIC
NAIC Report
LRWG Simplified Mortality Amendment to LATF
Life Reserve Work Group amendment proposal form to the NAIC’s Life Actuarial Task Force regarding the simplified mortality approach to the proposed principle-based reserve (VM-20) requirements.
Topics: NAIC