Modernization of the framework for determining life insurers' statutory required capital and reserves in the United States. Click here to know more about PBA.
Annuity Reserves Work Group report to LHATF on valuing interest rates applicable to Guaranteed Lifetime Income Benefits for fixed deferred annuities. (June 1, 2009)
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 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)
VLMT PBR Life Scope Subgroup draft report containing an analysis of potential scope and implementation options for Life Insurance Policy Reserves as outlined in VM-00, Section II of the Valuation Manual that is being developed by the VLMT PBR Life Scope Subgroup. (March 14, 2009)
Consistency Work Group draft amendment form for VM-00 revising language describing six underlying concepts of the principle-based approach, potentially in keeping with the draft standard valuation law. (March 1, 2009)
LRWG Asset Subgroup presentation to interested parties and regulators on a proposed methodology for setting prescribed net spreads on new investments in VM-20. (December 11, 2008)
Life Tax Steering Group comments on an IRS notice to life insurers about potential federal income tax issues concerning proposed principle-based reserving and proposed Actuarial Guideline VA-CARVM. (May 1, 2008)
Modeling Subgroup of the Life Reserves Work Group report to the National Association of Insurance Commissioners’ Life and Health Actuarial Task Force in Orlando, FL. (March 31, 2008)
Variable Universal Life Subgroup of the Life Reserves Work Group report to the National Association of Insurance Commissioners’ Life and Health Actuarial Task Force (LHATF) at the LHATF Spring 2008 NAIC Meeting. (March 31, 2008)
Report to NAIC's Life and Health Actuarial Task Force by the American Academy of Actuaries’ Reinsurance Work Group on Principles-Based Reserving Reinsurance Examples. (March 31, 2008)
Consistency Work Group report on definitions to include in VM-1 of the Valuation Manual as presented to the NAIC’s Life & Health Actuarial Task Force. (March 31, 2008)
