Publish Date:
08/11/2026
Category: Topics:Actuarial Standards Board, American Academy of Actuaries, Financial Reporting, Life, Life Insurance, NAIC
The Academy’s Life Reserves Committee responded to the NAIC LATF’s request to review the Valuation Manual prescribed default and spread methodology used in VM-20, VM-21, and VM-22, and either confirm that the methodology remains appropriate and produces moderately adverse net spreads or recommend updates.