Life Reports to the NAIC
Update to the National Association of Insurance Commissioners’ Life RBC Working Group by the Life Capital Work Group. (March 31, 2008)
Recommended changes to the statutory blank to accommodate principle-based reserving. (December 2, 2007)
- Section 20: PBR requirements for life products.
- Section 40: Review opinion requirements for a PBR valuation.
- Section 50: Experience reporting requirements.
- Section 51: Experience reporting formats.
Life Governance Team comments on the draft Corporate Governance for Risk Management Act that was re-exposed for comment by the NAIC's Capital Adequacy Task Force. (November 7, 2007)
Report from the Group Term Life Waiver Table Work Group. (October 31, 2007)
Valuation and Law Manual Team report to the LHATF. (October 31, 2007)
Proposed revisions to draft valuation manual and review opinion requirements for a PBR valuation.
(October 24, 2007)
(October 24, 2007)
Proposed revisions to draft valuation manual. Section 50: Experience reporting requirements. (September 30, 2007)
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)
Economic Scenario Work Group report to the LHATF NAIC on scenario generator models. (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)






