Reserves

The minimum statutory reserve standard for all life and annuity products.

Amendment proposals to the VM-20 regarding consistent simplification, scenario reduction, the stochastic exclusion test and supplemental information on the reinvestment spread proposal. (July 1, 2010)
LRWG amendment proposal to the VM-20 regarding margin ratios. (June 1, 2010)
Amendment proposal to the VM-20 to modify requirements for prescribed reinvestment asset spreads. (June 1, 2010)
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 capital approach (PBA) for life insurance. (May 12, 2010)
Survey to reinsurers about VM-20, Section 8C wording regarding the use of Reinsurer Mortality.
(March 1, 2010)
Review and recommendation for definitions in VM-01. (March 1, 2010)
Amendment to VM-20 by the Life Reserves Work Group with accompanying theoretical foundation. (March 1, 2010)
Update on development of new payout annuity mortality table. (March 1, 2010)
Joint Academy/SOA update on mortality development and margins. (March 1, 2010)
Life Reserves Work Group report to LHATF in response to an SOA report on PBA. (March 1, 2010)