Reserves

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

Comment letters to both the NAIC Life Actuarial Task Force and the Life and Annuities (A) Committee from the Academy's Life Practice Council and Life Financial Reporting/Risk Management Committee regarding the need for changes to the valuation manual as well as a formal updating and review process. (July 16, 2012)
Life Financial Soundness/Risk Management Committee presentation of NAIC's Life and Health Actuarial Task Force Amendment proposal outlining a simplified approach for determining prudent estimate mortality assumption for VM-20. (June 18, 2012)
Life Financial Soundness/Risk Management Committee presentations to LATF regarding the determination of X in a simplified mortality approach. (May 17, 2012)
Life Financial Soundness/Risk Management Committee presentation to LATF regarding a comparison of the impact of mortality loads. (May 17, 2012)
Life Financial Soundness/Risk Management Committee's VM-01 amendment to the NAIC Life Actuarial Task Force regarding definitions in the Valuation Manual. (May 11, 2012)
Financial Soundness/Risk Management Committee's amendment proposal form to the NAIC Life Actuarial Task Force regarding the addition of a PBR Review and Updating Process to VM-00. (April 23, 2012)
ARWG report to the NAIC's Life Actuarial Task Force regarding the development of a possible definition of Deterministic Reserves for use in VM-22 at the NAIC's Spring National Meeting with accompanying slide set. (March 1, 2012)
LRWG's amendment proposal form regarding VM-20 to the Life Actuarial Task Force at the NAIC’s Spring National Meeting. (March 1, 2012)
Life Experience Subcommittee presentation providing a report of the joint SOA/Academy Project Oversight Group regarding new mortality tables. (March 1, 2012)
Life Reserve Work Group amendment proposal form to the NAIC’s Life Actuarial Task Force regarding the simplified mortality approach to the proposed principle-based reserve (VM-20) requirements. (February 17, 2012)