Reserves

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

Aggregate Margin Task Force update to the Life Actuarial Task Force on the development of aggregate margins to replace the current individual margins for use in VM-20. (April 4, 2013)
Life Reserves Work Group amendment proposal form outlining a modification to the current deterministic reserve in VM-20 submitted to the Life Actuarial Task Force. (April 4, 2013)
Life Experience Subgroup update to the Life Actuarial Task Force of studies on the 2014 Valuation Basic Table and Guaranteed Issue/Simplified Issue Mortality Tables. (April 4, 2013)
Life Reserve Work Group amendment proposal form to LATF on the method to recognize the effect of the Pre‐tax Investment Maintenance Reserve (PIMR) in VM-20 when calculating reserves. (April 4, 2013)
Life Reserves Work Group amendment proposal form to the Life Actuarial Task Force clarifying the approach in VM-20 to model policy loan cash flows in the deterministic reserve and stochastic reserve calculations. (April 4, 2013)
Presentation to National Conference of Insurance Legislators regarding the Implementation and Review process of Principle-based Reserves.  (March 8, 2013)
Deposit Fund Subgroup proposal for reserving synthetic GICs based upon the Subgroup's report presented to the Life Actuarial Task Force on November 28, 2012. (February 8, 2013)
Comment letter to the National Association of Insurance Commissioners' Principles-Based Reserving (E) Working Group with suggested changes to its November 2012 draft implementation plan for principle-based reserving of life insurance. (January 11, 2013)
Comment letter to the to the NAIC’s Contingent Deferred Annuity (A) Working Group outlining the applicability of Actuarial Guideline 43 and C-3 Phase II to reserving and capital standards for Contingent Deferred Annuities. (December 21, 2012)
Comments by the Actuarial Guideline 43 / C-3 Phase II Work Group to the NAIC’s C-3 Phase II/AG 43 (E) Subgroup on its November 1, 2012 Work Plan Draft. (December 10, 2012)