Modeling Subgroup of the Life Reserves Work Group report to the National Association of Insurance Commissioners’ Life and Health Actuarial Task Force in Orlando, FL. (
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Consistency Work Group report on definitions to include in VM-1 of the Valuation Manual as presented to the NAIC’s Life & Health Actuarial Task Force. (
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Recommended changes to the statutory blank to accommodate principle-based reserving. (
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- Section 20: PBR requirements for life products.
- Section 40: Review opinion requirements for a PBR valuation.
- Section 50: Experience reporting requirements.
- Section 51: Experience reporting formats.
Life Governance Team comments on the draft Corporate Governance for Risk Management Act that was re-exposed for comment by the NAIC's Capital Adequacy Task Force. (
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Valuation and Law Manual Team report to the LHATF. (
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Report from the Group Term Life Waiver Table Work Group. (
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Proposed revisions to draft valuation manual and review opinion requirements for a PBR valuation.
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Annuity Reserves Work Group report to NAIC on Valuation Manual work. (
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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.
Reinsurance Work Group report on PBR risk transfer requirements. (
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Summary of a meeting with a New York State Insurance Department official on life PBR. (
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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.
( )Modeling Efficiency Work Group reports to the LHATF. (
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Report on governance requirements for principle-based life reserves and capital with exhibits.
Nonforfeiture Improvement Work Group report on general revision of life and annuity standard nonforfeiture laws. (
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Sample actuarial report for life policies subject to PBR valuation. (
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