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Reserves
Printer-friendly versionThe minimum statutory reserve standard for all life and annuity products.
Draft valuation manual (September 2007):
- Section 0: Introduction
- Section 1: Definitions for terms in requirements
- Section 2: Definitions for types of contracts
- Section 3: Applicability to contracts
- Section 5: Draft model standard valuation law
- Section 20: PBR requirements for life products
- Section 22: PBR requirements for non-variable annuities
- Section 25: Health insurance minimum reserve requirements
- Section 26: Life and disability reserve requirements
- Section 30: Actuarial opinion and memorandum requirements
- Section 31: Reporting and documentation requirements for business subject to a PBR valuation and memorandum requirements
- Section 40: Review opinion requirements for a PBR valuation
- Section 50: Experience reporting requirements
- Section 51: Experience reporting formats
Sample actuarial report for life policies subject to PBR valuation. (September 30, 2007)
Annuity Reserves Work Group report to NAIC on Valuation Manual work. (September 30, 2007)
Consistency Work Group report on the Conceptual Framework of a Principles-Based Approach for Life, Annuity and Health Products and On the Purpose of Reserves and Risk-based Capital under a Principles-Based Approach. (September 30, 2007)
Life Reserves Modeling Subgroup report on a possible tail risk test. (September 30, 2007)
Modeling Efficiency Work Group reports to the LHATF. (September 30, 2007)
Variable Annuity Reserve Work Group comments on draft AG VACARVM. (September 30, 2007)
Report on governance requirements for principle-based life reserves and capital with exhibits.
(September 30, 2007)
(September 30, 2007)
Report on governance requirements for principle-based life reserves and capital with exhibits.
(September 30, 2007)
(September 30, 2007)
Group life reserve waiver report. (September 30, 2007)
Reinsurance Work Group report on PBR risk transfer requirements. (September 30, 2007)
Summary of a meeting with a New York State Insurance Department official on life PBR. (September 30, 2007)
Comments from Life, Health, and Casualty Practice Councils on life and health insurance principles proposed by the NAIC's Principle-based Reserving (EX) Working Group. (August 17, 2007)
Life Reserves Working Group response to the New York Insurance Department's comments on the Requirements for Principles-Based Reserves for Life Products from the LRWG. (July 31, 2007)
Valuation and Law Manual Team draft valuation manual plus accompanying report and slide presentation and news release.
(June 30, 2007)
Joint SOA/AAA Preferred Mortality Project oversight Group report and presentation regarding preferred mortality. (June 30, 2007)
Variable Annuity Reserves Work Group response to issues raised by LHATF on AG VACARVM during the Spring 2007 NAIC Meeting. (June 30, 2007)
Life Financial Soundness/Risk Management (SVL2) Committee presentation to LHATF on SVL2/PBA. (June 1, 2007)
