LPC Sends Legislative Brief on PBR to Policymakers

The Life Practice Council’s Principle-Based Reserves (PBR) Legislation-In-Brief was distributed to insurance legislators and top insurance regulators of each state where the NAIC model Standard Valuation Law may be considered in 2014. The brief is intended to inform legislators and insurance commissioners of the importance of the new PBR methodology and the NAIC model Standard Valuation Law.