Practice Note developed by a work group of the State Health Committee that addresses questions and issues regarding the actuary's responsibilities for compliance with the model Standard Valuation Law (SVL), the NAIC model Actuarial Opinion and Memorandum Regulation (hereafter the Model Regulation), and the Actuarial Standards Board's actuarial standards of practice (ASOPs) related specifically to determining adequate reserve levels for group long-term disability (GLTD) insurance coverage.
PLEASE NOTE: This practice note was superceded by the 2006 practice note on group long-term disability income business.
