Principle-based Approach (PBA)

Modernization of the framework for determining life insurers' statutory required capital and reserves in the United States. Click here to know more about PBA.

Valuation Law and Manual Team Status Report and Presentation on Transition to Principle-based Framework
(March 31, 2007)
FS/RM Presents to LATF on PBA
Life Financial Soundness/Risk Management (SVL2) Committee presentation on PBA efforts. (March 31, 2007)
FS/RM PBA Work Chart
FS/RM chart showing life groups working ont he principle-based project. (March 31, 2007)
FS/RM Definitions of Principles
FS/RM provides updated definitions of principles to LHATF. (March 31, 2007)
LRWG Report to LHATF on Principle-Based Activities
Life Practice Council presentation to the NAIC Principles-Based Reserving (EX) Working Group with a status report summarizing Council plans for prinicple-based activities in 2007. (March 12, 2007)
Updated Presentation on Modernizing Life Valuation
Presentation on the modernization in insurance regulation given by the Kansas Insurance Department. (March 10, 2007)
LRWG Report to LHATF on UL with Secondary Guarantee
Life Reserves Work Group report  to LHATF regarding principles-based reserves for universal life with a secondary guarantee based on a shadow fund. (April 1, 2006)
LRWG Presentation on Principles-Based Valuation Standard for Life Products
Life Reserve Work Group presentation to LHATF regarding a Principles-based Valuation Standard for Life Products. (March 2, 2006)
LRWG Report to LHATF - Inforce Blocks
LRWG report to LHATF regarding considerations for application of principle-based reserving to inforce blocksof business. (March 1, 2006)
LRWG Presentation to LHATF - 20-Year-Term Margin
Life Reserves Work Group presentation to LHATF on 20-year-term margin examples, and accompanying spreadsheet. (March 1, 2006)
LRWG Report to LHATF - Modeling PBR
Life Reserves Work Group report on modeling principle-based reserves for 20-year level premium term insurance. (March 1, 2006)
LRWG Comments on NY PBR Memo to LHATF
Life Reserves Work Group comments on a New York principle-based reserve memo. (March 1, 2006)
CWG Report to LHATF on Defining Principles in Principle-Based Approach
Consistency Work Group report to LHATF defining the principles in the principle-based approach. (March 1, 2006)