Life Reports to the NAIC

Report to NAIC LHATF on general nonforfeiture revision. (March 10, 2005)
Letter to NAIC Capital Adequacy Task Force opposing use of standard RVC scenario as minimum standard (March 8, 2005)
VARWG Report on C3 Phase II project, including RBC and reserves (incorporates newest reports). (March 1, 2005)
Proposed actuarial guideline for variable annuity reserving (March 2005 revision): Revised draft (with redlining) (March 1, 2005)
Proposed actuarial guideline for variable annuity reserving (March 2005 revision): Attachments (March 1, 2005)
Proposed actuarial guideline for variable annuity reserving (March 2005 revision): Summary of the suggested revisions. (March 1, 2005)
Draft model regulation on annuity nonforfeiture implementation (June 1, 2004)
Annuity Nonforfeiture Implementation Work Group model regulation on annuity nonforfeiture to the NAIC. (March 11, 2004)
Nonforfeiture Improvement Work Group report to the NAIC requesting guidance regarding the group's further activities in relation to potential future work on Standard Nonforfeiture Laws. (March 11, 2004)
Academy recommendations to LHATF for setting regulatory RBC requirements for variable annuities and similar products. (March 5, 2004)
Deficiency Reserve Work Group report to the NAIC regarding possible changes to the Standard Valuation Law (SVL), specifically as they relate to the current formulaic approach to determine deficiency reserves. (March 1, 2004)
Variable Annuity Reserve Work Group report to the NAIC on reserve methodology for variable annuity products that uses the principles of the proposed Risk Based Capital (RBC) C-3 Phase II approach. (March 1, 2004)
Life Capital Adequacy Subcommittee recommended changes to the NAIC regarding risk based capital requirements for C-3a. (March 1, 2004)
Life Capital Adequacy Subcommittee recommendations to the NAIC regarding the calculation of the asset risk (C-1) required capital for preferred stock. (March 1, 2004)
Annuity Nonforfeiture Implementation Work Group report to the NAIC on the Annuity Nonforfeiture Model Regulation. (December 5, 2003)
Variable Annuity Reserve Work Group report to the NAIC on the ongoing work surrounding the development of a reserve methodology for variable annuity products that uses the principles of the proposed Risk Based Capital (RBC) C-3 Phase II approach. (December 1, 2003)
Life Financial Soundness/Risk Management Committee proposed revisions to actuarial guideline 34 to the NAIC. (October 30, 2003)
Annuity Nonforfeiture Implementation Work Group draft model regulation of the Standard Nonforfeiture Law for Individual Deferred Annuities to the NAIC. (October 21, 2003)
Life Valuation Subcommittee report on the impact of the new annuity standard nonforfeiture law on reserves to the NAIC. (October 21, 2003)
Variable Annuity Reserve Work Group report to the NAIC summarizing its work to develop a reserve methodology for variable annuity products. (September 1, 2003)