The Fall Life Perspectives covers the PBR Checklist Task Force’s new document, “What is PBR for life insurance?” just a few months before the Jan. 1 deadline for companies to adhere to the principle-based reserving (PBR) requirements under the Valuation Manual Section 20 (VM-20). The story includes an interview with Karen Rudolph, the task force’s chairperson. Also in this issue: Sessions are set for December’s PBR Boot Camp, Life Practice Council groups comment to NAIC, and recent legislative activity.

The PBR Checklist Task Force released a document—“What is PBR for Life Insurance?”—just a few months before the Jan. 1 deadline for companies to adhere to the principle-based reserving (PBR) requirements under the Valuation Manual Section 20 (VM-20), that provides a summary of the significant elements of PBR.

The Casualty Practice Council sent comment letters to the U.S. House Committee on Financial Services and to the U.S. Senate Committee on Banking, Housing, and Urban Affairs encouraging long-term extension of the Terrorism Risk Insurance Act.

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