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Reserves
Printer-friendly versionThe minimum statutory reserve standard for all life and annuity products.
Life Risk Based Capital Working Group slides for the PBR educational session presented by members of the Academy and LHATF. (September 30, 2009)
Life Reserves Work Group's Asset Subgroup presentation on addressing existing asset default costs in principle-based reserves calculations. (September 21, 2009)
Report by the Academy-SOA Payout Annuity POG on issues regarding a new mortality table. (September 21, 2009)
Report by the Academy-SOA Valuation Table Team and document (Excel spreadsheet) on reserves for term and ULSG blocks. (September 21, 2009)
Amendment to VM-20 on assumptions requirements for principle-based reserves for life products. (September 1, 2009)
Consistency Work Group amendment to VM-00 clarifying risks to be included in a principle-based valuation. (September 1, 2009)
Valuation Table Team comment letter on concerns expressed by the American Council of Life Insurers to LHATF regarding the 2008 VBT Tables developed by the Valuation Basic Table Team. (July 28, 2009)
LRWG Asset Modeling Subgroup presentation to LHATF on methods for setting prescribed default costs on existing fixed income investments in VM-20. (June 11, 2009)
Annuity Reserves Work Group report to LHATF on valuing interest rates applicable to Guaranteed Lifetime Income Benefits for fixed deferred annuities. (June 11, 2009)
Preferred Mortality POG presentation comparing the 1980 CSO Nonsmoker table to the 2001 Residual Standard Nonsmoker table. (June 11, 2009)
Preferred Mortality POG report to LHATF on developing a 2008 CSO table, including the advantages and disadvantages of proceeding with development of a new table. (June 2, 2009)
Annuity Reserves Work Group report to LHATF on valuing interest rates applicable to Guaranteed Lifetime Income Benefits for fixed deferred annuities. (June 1, 2009)
Consistency Work Group amendment proposal amending VM-00 to clarify risks to be included in a principle-based valuation. (June 1, 2009)
LRWG Asset Subgroup presentation on a proposed methodology for setting prescribed default costs on existing fixed income investments in VM-20. (March 15, 2009)
LRWG report to the LHATF on examples of universal life secondary guarantee reinsurance and analyzes the treatment of the presented situations under the current draft of VM-20. (March 14, 2009)
VLMT PBR Life Scope Subgroup draft report containing an analysis of potential scope and implementation options for Life Insurance Policy Reserves as outlined in VM-00, Section II of the Valuation Manual that is being developed by the VLMT PBR Life Scope Subgroup. (March 14, 2009)
Consistency Work Group draft amendment form for VM-00 revising language describing six underlying concepts of the principle-based approach, potentially in keeping with the draft standard valuation law. (March 1, 2009)
LRWG Asset Subgroup presentation to interested parties and regulators on a proposed methodology for setting prescribed net spreads on new investments in VM-20. (December 11, 2008)
Presentation to PBR Working Group on PBR Training for Regulatory Actuaries. (December 6, 2008)
Group Life Waiver Premium Valuation Table Work Group reports to the NAIC's Life and Health Actuarial Task Force. (September 30, 2008)
