Reserves
The minimum statutory reserve standard for all life and annuity products.
Reserves Resources
Comment / Letter
Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement
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…
Topics: Annuities
Comment / Letter
Capital Work Group’s Letter and Spreadsheet to Valuation Manual (VM)-22 Subgroup
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…
Comment / Letter
C-2 Longevity Risk Work Group’s Comment Letter to NAIC on Reserve Implications of Proposed VM-22 Principle-Based Reserving Framework
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…
Comment / Letter
Life Reserves Work Group’s Comment Letter to NAIC on Asset Adequacy Testing for Reinsurance
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…
Comment / Letter
Life Reserves Work Group’s Comment Letter to NAIC on APF 2020-10
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…
Comment / Letter
Revised APF on Aggregation of Mortality Segments
Life Reserves Work Group revised APF on the aggregation of mortality segments in VM-20.
Topics: NAIC
Comment / Letter
Academy LVS submits comments on AG 38 Framework
The Academy Life Valuation Subcommittee submitted a comment letter to the NAIC Joint Working Group of the Life Insurance and Annuities (A) Committee and Financial Condition (E) Committee regarding…
Comment / Letter
Letter to LATF on Proposed Language in VM-02
Tax Work Group in conjunction with the Nonforfeiture Improvement Work Group comment letter to the Life Actuarial Task Force regarding issues associated with proposed language in VM-02.
Topics: NAIC
Comment / Letter
Comments to NAIC on Principles-Based Valuation and Capital Approach for Life Insurance
Life Practice Council letter to the National Association of Insurance Commissioners (NAIC) (EX) Working Group and Life Insurance and Annuities (A) Committee on principles-based valuation and…
Comment / Letter
LRWG Response to NY Proposed Economic Scenarios in VM-20
Response from the LRWG on New York Insurance Department’s proposed changes to the use of economic scenarios in VM-20
Topics: NAIC