Life Reserves Work Group

The Life Reserves Work Group is responsible for developing a principles-based reserve framework for life products which will serve as the minimum statutory reserve standard for all life products subject to a principles-based valuation.

Staff liaison: John Meetz

Chairperson: Dave Neve

Vice Chairperson: Gary Falde
Mary Bahna-Nolan
 Jeffrey Beckley
 Peter Boyko
 Armand De Palo
 Arnold Dicke
 Robert DiRico
 Douglas Doll
 Todd Erkis
 Bruce Friedland
 Dieter Gaubatz
 R. Dale Hall
 Jane Hamrick
 Thomas Kalmbach
 Barbara Lautzenheiser
 Nicholas Pasyanos
 Michael Reilly
 Roland Rose
 Alan Routhenstein
 Karen Rudolph
 Martin Snow
 Lloyd Spencer
 Stephen Strommen
 Wayne Stuenkel
 Kenneth Vande Vrede
 Michael Villa

Related Publications

VM-20 Asset Default Presentation
Life Reserves Work Group presentation on background of VM-20 Asset Default Methodology and Development Process to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting. (November 27, 2012)
LRWG Amendment Proposal Regarding VM-20
LRWG's amendment proposal form regarding VM-20 to the Life Actuarial Task Force at the NAIC’s Spring National Meeting. (March 01, 2012)
LRWG Simplified Mortality Amendment to LATF
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)
LRWG Amendment to VM-20 Outlining Streamlined Approach to Mortality
Life Reserve Work Group's VM-20 amendment proposal form to the Life Actuarial Task Force outlining a streamlined approach to mortality. (January 31, 2012)
LRWG Amendment Proposal on VM-20 to NAIC
Life Reserves Work Group's amendment proposal form regarding the VM-20 to the NAIC's VM PBR Life Subgroup. (June 13, 2011)
Proposed Methodology for Setting Prescribed Default Costs on Existing Fixed Income Investments in VM-20
LRWG Asset Subgroup presentation on a proposed methodology for setting prescribed default costs on existing fixed income investments in VM-20. (March 15, 2009)
LRWG Report to LHATF Regarding UL with Secondary Guarantee Reinsurance
LRWG report to the LHATF on examples of universal life secondary guarantee reinsurance and analyzes the treatment of the presented situations under the current draft of VM-20. (March 14, 2009)
Proposed Revisions to Draft Valuation Manual
(November 30, 2007)
LRWG Response to NY Insurance Department Comments on LRWG Proposal
Life Reserves Working Group response to the New York Insurance Department's comments on the Requirements for Principles-Based Reserves for Life Products from the LRWG. (July 31, 2007)
LRWG Update to LHATF on Requirements for Principle-Based Reserves for Life Products
LRWG report to LHATF and an update to the March LHATF exposure of the Requirements for Principle-based Reserves for Life Products. (June 01, 2007)