Life Practice Council Delivers to LATF

The Life Practice Council and its subgroups delivered several presentations, reports and amendment proposals to the Life Actuarial Task Force on various topics at the August 22 and 23 meeting.  They included:

·         Amendment proposals on letters of credit, due premiums, and VM-20 scope

·         Report and presentation proposing an aggregate margin approach for VM-20

·         Report and presentation on a potential reserve methodology for non-variable annuities in VM-22

·         Report on nonforfeiture treatment of certain fixed deferred annuities

·         Presentation of a recent survey conducted on modeling efficiency

·         Presentation updating the task force on progress made by the AOMR Communication Group