Life Reports to the NAIC

LCWG Modeling Update to Life RBC Working Group

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)

Proposed Revisions to Draft Valuation Manual

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.

(November 30, 2007)

Comments on Corporate Governance for Risk Management Act

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)

Group Life Waiver of Premium Valuation Table Work Group Report

Report from the Group Term Life Waiver Table Work Group. (October 31, 2007)

Valuation and Law Manual Team Report to LHATF

Valuation and Law Manual Team report to the LHATF. (October 31, 2007)

Review Opinion Requirements for Principle-Based Valuation VM-40

Proposed revisions to draft valuation manual and review opinion requirements for a PBR valuation.
(October 24, 2007)

Proposed Revisions to Experience Reporting Requirements VM-50

Proposed revisions to draft valuation manual. Section 50: Experience reporting requirements. (September 30, 2007)

Draft Valuation Manual

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

(September 30, 2007)

Sample PBR Actuarial Report for Life Polices Subject to PBR Valuation

Sample actuarial report for life policies subject to PBR valuation. (September 30, 2007)

ARWG Report to NAIC on Valuation Manual Work

Annuity Reserves Work Group report to NAIC on Valuation Manual work. (September 30, 2007)

CWG Report to NAIC on PBA for Life, Annuity and Health Products

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)

ESWG Report to NAIC on Scenario Generator Models

Economic Scenario Work Group report to the LHATF NAIC on scenario generator models. (September 30, 2007)

Proposed Test for Material Tail Risk by LRWG Group Modeling Subgroup

Life Reserves Modeling Subgroup report on a possible tail risk test. (September 30, 2007)

Modeling Efficiency Work Group Status Report to NAIC

Modeling Efficiency Work Group reports to the LHATF. (September 30, 2007)

VARWG Comment to NAIC on Exposed AG VACARVM

Variable Annuity Reserve Work Group comments on draft AG VACARVM. (September 30, 2007)

Governance Requirements for Principles-Based Reserves and Capital for Life Insurance and PBA Governance Report

Report on governance requirements for principle-based life reserves and capital with exhibits.
(September 30, 2007)

Governance Requirements for Principles-Based Reserves and Capital for Life Insurance and PBA Governance Report

Report on governance requirements for principle-based life reserves and capital with exhibits.
(September 30, 2007)

Group Life Waiver of Premium Valuation Table Work Group Report

Group life reserve waiver report. (September 30, 2007)

RWG Report to NAIC on PBR Risk Transfer Requirements

Reinsurance Work Group report on PBR risk transfer requirements. (September 30, 2007)