The Academy’s Variable Annuity Reserves and Capital Work Group's VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities – 2022 Edition of VM-21. The supplement was exposed for public comment in 2021, and the final product has been published to reflect comments.
( )Annuity Reserves and Capital Work Group's Letter and Spreadsheet to Valuation Manual (VM)-22 Subgroup on VM-22 Mix
The Academy’s Annuity Reserves and Capital Work Group's letter and spreadsheet to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force’s VM-22 Subgroup regarding a reinvestment credit quality assumption consistent with the current VM-22 mix.
( )The C-2 Longevity Risk Work Group's comments to the National Association of Insurance Commissioners’ Longevity Risk (A/E) Subgroup on reserve implications of expanding the scope of C-2 Longevity Risk-Based Capital requirements to include longevity reinsurance contracts in the proposed Principle-Based Reserving framework.
( )The Variable Annuity Reserves and Capital Work Group's comments to the Life Actuarial Task Force on amendment proposal form (APF) 2021-11 regarding the proposed assumption disclosure requirements in VM-31.
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The Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners’ (NAIC) Life Actuarial Task Force (LATF) on a Valuation Manual amendment proposal form regarding asset adequacy testing for reinsurance requirements.
( )The Life Reserves Work Group’s comment letter to the National Association of Insurance Commissioners’ (NAIC) Life Actuarial Task Force (LATF) on an amendment proposal form (APF 2020-10), which addresses inclusion of future mortality improvement (FMI) into principle-based reserving (PBR) valuation.
( )The Variable Annuity Reserves and Capital Work Group’s proposed amendment submitted to the NAIC’s Life Actuarial Task Force (LATF) to update the reference to the required minimum distribution (RMD) age in the VM-21 Standard Projection Amount pursuant to enactment of the federal Setting Every Community Up for Retirement Enhancement (SECURE) Act.
( )Annuity Reserves Work Group Summer 2020 presentation to the NAIC VM-22 Subgroup on the preliminary framework elements for Fixed Annuity PBR.
( )Tax Work Group comment letter to the Internal Revenue Service on proposed regulation on changes to the computation of life insurance reserves for income tax reporting.
( )Annuity Reserve Work Group (ARWG) presentation to the NAIC VM-22 (A) Subgroup on the development of their preliminary framework for fixed annuity PBR.
( )Life Reserves Work Group presentation on PBR treatment for individually underwritten group insurance.
( )SVL Interest Rate Modernization Work Group update to the Life Actuarial (A) Task Force at the NAIC 2019 Fall National Meeting.
( )APF 2019-33, submitted by the Life Reserves Work Group to the Life Actuarial (A) Task Force.
( )Annuity Reserves Work Group update to the Life Actuarial (A) Task Force at NAIC 2019 Fall National Meeting.
( )Life Reserves Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.
( )Life Practice Council update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.
( )Annuity Reserves Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.
( )SVL Interest Rate Modernization Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.
( )Annuity Reserves Work Group non-variable annuity PBR update to the Life Actuarial (A) Task Force.
( )Life Reserves Work Group presentation to the Life Actuarial (A) Task Force on PBR treatment for individually underwritten group insurance.
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