Reserves

The minimum statutory reserve standard for all life and annuity products.

Revised APF on Aggregation of Mortality Segments

Life Reserves Work Group revised APF on the aggregation of mortality segments in VM-20. (June 27, 2018)

Work Group Report to LATF on Interest Rate Modernization

Standard Valuation Law Interest Rate Modernization Work Group presentation to the NAIC's Life Actuarial Task Force (LATF) summarizing its activities on its new project to modernize the process of setting valuation interest rates for non-variable annuities (except SPIAs).
(August 5, 2017)

Work Group Presentation on Non-Variable Annuity PBR

Annuity Reserves Work Group presentation on its work related to issues that need to be modified for non-variable annuities to the Life Actuarial Task Force. (August 5, 2017)

Life Experience Committee Presentation on Simplified Issue and Accelerated Underwriting

Mary Bahna-Nolan, chairperson of the Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group, presentation on PBR valuation considerations and recommendations related to accelerated underwriting to the Life Actuarial Task Force. (August 4, 2017)

Life Experience Committee Presentation on Guaranteed Issue Report

Mary Bahna-Nolan, chairperson of the Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group, presentation on the guaranteed issue report and amendment proposals to the Life Actuarial Task Force. (August 4, 2017)

Committee Amendment Proposal Form on Guaranteed Issue under Current Requirements

Life Experience Committee amendment proposal form to the NAIC's Life Actuarial Task Force to implement guaranteed issue mortality tables under current formula requirements. (August 4, 2017)

Committee Amendment Proposal Form on Guaranteed Issue under PBR requirements

Life Experience Committee amendment proposal form to the NAIC's LIfe Actuarial Task Force to implement guaranteed issue mortality tables under principle-based reserve requirements. (August 4, 2017)

Life Experience Committee Presentation on Simplified Issue Table and Report

Mary Bahna-Nolan, chairperson of the Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group, presentation on the 2017 simplified issue composite mortality tables to the Life Actuarial Task Force. (August 4, 2017)

Life Experience Committee Report on Simplified Issue Composite Mortality Tables

Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group report to the Life Actuarial Task Force on the 2017 simplified issue composite mortality tables. (August 4, 2017)

ARWG Provides Non-Variable PBR Update to LATF

John Miller and Chris Olechowski, co-chairs of the Annuity Reserves Work Group, provided a non-variable annuity PBR update to LATF’s VM-22 Subgroup. (December 8, 2016)