Reserves

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

Principles-Based Valuation Review Opinion Requirements from Subgroup 1 of Valuation Law and Manual Team
Updated version, in requirement format, of a proposed draft model regulation for review opinions of principle-based valuations. (March 31, 2007)
Valuation Law and Manual Team Status Report and Presentation on Transition to Principle-based Framework
(March 31, 2007)
Valuation Law and Manual Team Status Report and Presentation on Transition to Principle-based Framework
(March 31, 2007)
FS/RM Presents to LATF on PBA
Life Financial Soundness/Risk Management (SVL2) Committee presentation on PBA efforts. (March 31, 2007)
ESWG Status Report C-3 Phase 1 Interest Rate Model
Economic Scenario Work Group status update provided to the LHATF and LRBC Work Group on C-3 Phase 1 Interest Rate Model. (March 31, 2007)
Updated Academy/SOA Preferred Mortality Project Oversight Group Presentation
Actuaries Present Valuation Manual Draft to the NAIC. (March 31, 2007)
LRWG Report to LHATF on Principle-Based Activities
Life Practice Council presentation to the NAIC Principles-Based Reserving (EX) Working Group with a status report summarizing Council plans for prinicple-based activities in 2007. (March 12, 2007)
Updated Presentation on Modernizing Life Valuation
Presentation on the modernization in insurance regulation given by the Kansas Insurance Department. (March 10, 2007)
LRWG Report to LHATF on UL with Secondary Guarantee
Life Reserves Work Group report  to LHATF regarding principles-based reserves for universal life with a secondary guarantee based on a shadow fund. (April 1, 2006)
LRWG Presentation on Principles-Based Valuation Standard for Life Products
Life Reserve Work Group presentation to LHATF regarding a Principles-based Valuation Standard for Life Products. (March 2, 2006)
VARWG Comments to LHATF on Proposed Changes to AG VACARV
Variable Annuity Reserve Work Group comments to LHATF regarding proposed changes to AG VACARVM. (March 1, 2006)
LRWG Report on Aggregate Margins
LRWG report on aggregate margins to the NAIC Life and Health Actuarial Task Force. (March 1, 2006)
LRWG Report to LHATF - Inforce Blocks
LRWG report to LHATF regarding considerations for application of principle-based reserving to inforce blocksof business. (March 1, 2006)
LRWG Presentation to LHATF - 20-Year-Term Margin
Life Reserves Work Group presentation to LHATF on 20-year-term margin examples, and accompanying spreadsheet. (March 1, 2006)
LRWG Report to LHATF - Modeling PBR
Life Reserves Work Group report on modeling principle-based reserves for 20-year level premium term insurance. (March 1, 2006)
LRWG Comments on NY PBR Memo to LHATF
Life Reserves Work Group comments on a New York principle-based reserve memo. (March 1, 2006)
CWG Report to LHATF on Defining Principles in Principle-Based Approach
Consistency Work Group report to LHATF defining the principles in the principle-based approach. (March 1, 2006)
Preferred Mortality POG Project Timeline

Project timeline by Academy/SOA Preferred Mortality Project Oversight Group.

(February 2, 2006)
Practice Note for the Application Of C-3 Phase II and VACARVM
Life Practice Note Steering Committee practice note intended to provide guidance to actuaries dealing with the implementation of the new risk-based capital and reserving requirements for Variable Annuities, C-3 Phase II and Actuarial Guideline VACARVM. (September 1, 2005)
LLWG Comments on NY Insurance Department's Circular Letter XX
Comments from the Life Liquidity Work Group on the New York Insurance Department's Circular Letter XX. (January 10, 2002)