Reserves

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

Scenario and Cell Model Reduction
Modeling Efficiency Work Group practice note regarding scenario and cell model reduction. (September 22, 2010)
Presentation to LHATF from Life Experience Subcommittee on Development of New Payout Annuity Mortality Table
Slides to LHATF from the Academy Life Experience Subcommittee regarding Development of New Payout Annuity Mortality Table. (August 12, 2010)
ARWG Report to LHATF on Statutory Valuation of Deposit Fund Contracts in Seattle
ARWG report to LHATF on statutory valuation of deposit fund contracts in Seattle. (August 1, 2010)
PBA 101 Slides
PBA 101 slides describing the history and basics of the principle-based approach to reserves and capital. (August 1, 2010)
Amendment Proposals to VM-20 on Reinvestment Spread Proposal
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 VM-20 on Margin Ratios
LRWG amendment proposal to the VM-20 regarding margin ratios. (June 1, 2010)
LRWG Amendment Proposal to VM-20 for Prescribed Reinvestment Asset Spreads
Amendment proposal to the VM-20 to modify requirements for prescribed reinvestment asset spreads. (June 1, 2010)
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 capital approach (PBA) for life insurance. (May 12, 2010)
Survey to reinsurers regarding the use of Reinsurer Mortality
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
Review and recommendation for definitions in VM-01. (March 1, 2010)
Amendment to VM-20 by LRWG with Accompanying Theoretical Foundation
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
Update on development of new payout annuity mortality table. (March 1, 2010)
Joint Academy/SOA Update on Mortality Development and Margins
Joint Academy/SOA update on mortality development and margins. (March 1, 2010)
Report to LHATF in Response to SOA Report on PBA
Life Reserves Work Group report to LHATF in response to an SOA report on PBA. (March 1, 2010)
Report to LHATF on Margins in Universal Life with Secondary Guarantee
Life Reserves Work Group report to LHATF on margins in Universal Life with a Secondary Guarantee. (March 1, 2010)
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 (December 3, 2009)
FS/RM Review of International Responses to Financial Crisis for LHATF
Letter from LFSRM to LHATF on the status of review of country specific regulatory responses to the financial crisis. (December 3, 2009)
Highlights of Report on Existing Asset Default Costs for VM VM-20
Life Reserves Work Group presented on it's findings in its report on Asset Default Costs for VM-20 to LHATF. (December 3, 2009)
Addendum to C-3 Phase II and Actuarial Guideline XLIII
Life Practice Note Steering Committee's addendum to the July 2009 C-3 Phase II and Actuarial Guideline XLIII Practice Note, providing guidance relative to additional questions raised by actuaries dealing with the implementation of Actuarial Guideline XLIII since the practice note was first published. (December 1, 2009)
C3 Phase III
Life Reserves and Capital Practice Note Work Group practice note on applying principles of the September C3 Phase III report to the NAIC. (December 1, 2009)