Reserves

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

Principle-based Reserves Strategy Subgroup comments clarifying the suggestion to eliminate the net premium reserve (NPR) component of VM-20 in previous comments on Feb. 17 Report of Rector & Associates to the Principle-Based Reserving Implementation (EX) Task Force.
(April 11, 2014)
Actuarial Guideline 33 Non-elective Incidence Proposal Work Group presentation to the NAIC Life Actuarial Task Force with proposed language to Actuarial Guideline 33 to address non-elective incidence reserve issue.
(March 28, 2014)
Life Experience Subcommittee presentation to the NAIC Life Actuarial Task Force on a mortality update on development of the 2014 Commissioners Standard Ordinary table, the 2014 Valuation Basic Table, and margins under VM-20 for determination of Prudent Estimate Mortality.
(March 27, 2014)
Life Reserves Work Group Amendment Proposal regarding treatment of due premiums in VM-20 reserve calculation. (March 27, 2014)
Principle-Based Reserve Strategy Subgroup comments on the exposed Feb. 17, 2014, Report of Rector & Associates, Inc. to the Principle-Based Reserving Implementation (EX) Task Force.
(March 21, 2014)
Contingent Annuity Issues Work Group responses to questions from the NAIC regarding the reserving and capital requirements for contingent annuities.
(March 21, 2014)
Report by AOM Discussion Group on ideas to improve the communication of issues within the appointed actuary’s memorandum. 
(March 19, 2014)
Life Reserves Work Group revised amendment proposal regarding treatment of due premiums in VM-20 reserve calculation.
(February 5, 2014)
Life Practice Council comments on proposed “actuarial standard” in Report of Rector & Associates to the NAIC Principle-Based Reserving Implementation (EX) Task Force. 
(January 15, 2014)
Nonforfeiture Modernization Work Group update to NAIC’s Life Actuarial Task Force on treatment of GLWBs in fixed deferred annuities under the proposed GPNM nonforfeiture approach. (December 13, 2013)