The Annuity Reserve Work Group delivered a report to the Life Actuarial Task Force proposing the modification of Actuarial Guideline 33 as a solution to reserving for guarantee living income benefits.()
The Invested Asset Work Group commented on the American Council of Life Insurers’ Commercial Mortgage Risk-based Capital (RBC) Proposal in a letter to the NAIC’s Life RBC Working Group.()
Life Financial Soundness/Risk Management Committee made a presentation to NAIC’s Life Actuarial Task Force on whether the direct iteration approach for the deterministic reserve results in the same amount as the gross premium valuation approach currently required by VM-20.()
The Life Reserves Work Group presented to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting with background information on the VM-20 Asset Default Methodology and Development Process.()
The Life Illustrations Work Group submitted a comment letter to the Life Actuarial Task Force on the ACLI proposal for an Actuarial Guideline for Indexed Universal Life Illustrations.
The Life Operational Risk Work Group submitted a follow-up letter to the NAIC on the exposed Life Risk-Based Capital growth charge proposal.()