John Bruins

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  New York Actuaries Chime in on Net Premium Reserving

  By Elizabeth Festa  |  May 24, 2012

  The NAIC’s Life Actuarial Task Force debated net reserving methodology changes proposed by the American Council of Life Insurers for UL products with secondary guarantees.

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  AG 38: S.C. Contends Proposed 'Framework' Doesn't Comply with SVL for In-Force Business

  By Elizabeth Festa  |  February 6, 2012

  Alaska also defends LATF statement to the NAIC Joint Working Group, in a defense of its reserving concerns for USLG and term UL products in the face of a compromise commissioner-led, industry-approved "framework" concept. Also, tensions between the role of the NAIC's life actuary group's voice and commissioner-level control of...

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  Key NAIC Task Force Pondering Life Insurers' Reserve Methodology

  By Elizabeth Festa  |  November 1, 2011

  Some regulators are alarmed by a universal life product's design and worry it could cause reserving issues using actuarial guidelines, even as they weigh a move to principles-based reporting. WIll the NAIC move forward in examining insurers' reserve methodologies?