Presentation to the NAIC C-3 Phase II/AG 43 Subgroup on equity return calibration criteria for variable annuity reserve valuation. ( )
Presentation to regulators at NAIC Financial Summit regarding practical application of PBR Valuation on life insurance. ( )
Life Practice Council comment letter to the NAIC Principle-Based Reserving Implementation (EX) Task Force praising additional language in the April 3 NAIC PBR Draft Implementation Plan and offering assistance with evaluating and updating the PBR methodology.
PBR Strategy Subgroup comment letter to the NAIC Principle-Based Reserving Implementation (EX) Task Force regarding the potential impact of PBR in its draft legislative brief.
PBR Strategy Subgroup comment letter to the NAIC Principle-Based Reserves (EX) Task Force on its legislative brief outlining the ramifications of the Standard Valuation Law for state legislatures.
C1 Work Group presentation to the NAIC Investment Risk-Based Capital Working Group on the development of factors for corporate bonds in the RBC formula. ( )
Aggregate Margin Task Force update to the Life Actuarial Task Force on the development of aggregate margins to replace the current individual margins for use in VM-20. ( )
Nonforfeiture Modernization Work Group update to the Life Actuarial Task Force regarding regulator and consumer information. ( )
Life Reserves Work Group amendment proposal form outlining a modification to the current deterministic reserve in VM-20 submitted to the Life Actuarial Task Force. ( )
Life Reserve Work Group amendment proposal form to LATF on the method to recognize the effect of the Pre‐tax Investment Maintenance Reserve (PIMR) in VM-20 when calculating reserves. ( )
Life Experience Subgroup update to the Life Actuarial Task Force of studies on the 2014 Valuation Basic Table and Guaranteed Issue/Simplified Issue Mortality Tables. ( )
Life Reserves Work Group amendment proposal form to the Life Actuarial Task Force clarifying the approach in VM-20 to model policy loan cash flows in the deterministic reserve and stochastic reserve calculations. ( )
Separate Account Products Work Group (SAWG) comments on the December 20, 2012 document, “Review of Non-Variable, Insulated Products/Product Characteristics with Proposed Recommendations” exposed on January 9 by the NAIC Separate Account Risk (E) Working Group. ( )
Contingent Annuity Work Group comments on the NAIC Contingent Deferred Annuity (A) Working Group's February 13 draft recommendation to the Life Insurance and Annuities (A) Committee. ( )
C1 Work Group comments on the NAIC Securities Valuation Office Staff Recalibration Project. ( )
Councils' letter to NAIC's Joint Qualified Actuary (A/B/C) Subgroup on the subgroup's two new charges related to defining a "qualified actuary" and recommending a process to address "unprofessional" actuarial work. ( )
Deposit Fund Subgroup proposal for reserving synthetic GICs based upon the Subgroup's report presented to the Life Actuarial Task Force on November 28, 2012. ( )
Comments by the Annuity Illustration Subgroup to the NAIC Annuity Disclosures (A) Working Group on the November 28, 2012 draft of the Buyers Guide for Deferred Annuities. ( )
Comment letter to the National Association of Insurance Commissioners' Principles-Based Reserving (E) Working Group with suggested changes to its November 2012 draft implementation plan for principle-based reserving of life insurance. ( )
Comment letter to the to the NAIC’s Contingent Deferred Annuity (A) Working Group outlining the applicability of Actuarial Guideline 43 and C-3 Phase II to reserving and capital standards for Contingent Deferred Annuities. ( )