Proposed revisions to draft valuation manual. Section 50: Experience reporting requirements. (
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Draft valuation manual (September 2007):
- Section 0: Introduction
- Section 1: Definitions for terms in requirements
- Section 2: Definitions for types of contracts
- Section 3: Applicability to contracts
- Section 5: Draft model standard valuation law
- Section 20: PBR requirements for life products
- Section 22: PBR requirements for non-variable annuities
- Section 25: Health insurance minimum reserve requirements
- Section 26: Life and disability reserve requirements
- Section 30: Actuarial opinion and memorandum requirements
- Section 31: Reporting and documentation requirements for business subject to a PBR valuation and memorandum requirements
- Section 40: Review opinion requirements for a PBR valuation
- Section 50: Experience reporting requirements
- Section 51: Experience reporting formats
Consistency Work Group report on the Conceptual Framework of a Principles-Based Approach for Life, Annuity and Health Products and On the Purpose of Reserves and Risk-based Capital under a Principles-Based Approach.
( )Variable Annuity Reserve Work Group comments on draft AG VACARVM. (
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Group life reserve waiver report. (
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Sample actuarial report for life policies subject to PBR valuation. (
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Life Reserves Modeling Subgroup report on a possible tail risk test. (
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Report on governance requirements for principle-based life reserves and capital with exhibits.
Comments from Life, Health, and Casualty Practice Councils on life and health insurance principles proposed by the NAIC's Principle-based Reserving (EX) Working Group. (
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Life Reserves Working Group response to the New York Insurance Department's comments on the Requirements for Principles-Based Reserves for Life Products from the LRWG. (
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Valuation and Law Manual Team draft valuation manual plus accompanying report and slide presentation and news release.
( )Joint SOA/AAA Preferred Mortality Project oversight Group report and presentation regarding preferred mortality.
( )Variable Annuity Reserves Work Group response to issues raised by LHATF on AG VACARVM during the Spring 2007 NAIC Meeting. (
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Life Financial Soundness/Risk Management (SVL2) Committee presentation to LHATF on SVL2/PBA. (
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Actuaries Present Valuation Manual Draft to the NAIC.
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Updated version, in requirement format, of a proposed draft model regulation for review opinions of principle-based valuations. (
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Life Financial Soundness/Risk Management (SVL2) Committee presentation on PBA efforts. (
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