valuation law

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  Top 10 Hot Topics for the Upcoming NAIC Conference in NOLA

  By Elizabeth Festa  |  February 28, 2012

  Insurance regulatory policy takes shape in the Big Easy this week, and here are things to look for, from ORSA manual and model law development so the U.S. system can meet international solvency and scrutiny standards to that pesky AG 38 issue. Don't get lost!

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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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  Principles-Based Reserving Valuation Manual on Target for March Adoption by NAIC

  By Elizabeth Festa  |  December 15, 2011

  The NAIC's Life Actuarial Task Force decides that it will nail down four remaining issues for the VM-20 portion of the principles-based reserving model during lengthy conference calls so there will be adoption, then something to present to legislatures in the on-year of 2013 for some states.

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  NAIC Top Working Group Tackles AG 38

  By Elizabeth Festa  |  December 8, 2011

  NAIC Commissionersy talk up a level playing field, uniformity, PBR and peer review as they roll up their sleeves to figure out the best way to reserve for new products with secondary guarantees, and how to establish premiums even as modern products continue to race beyond old-fashioned reserving methodologies.

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  ACLI Proposes Oversight Framework for Principles-Based Insurer Reserves

  By Elizabeth D. Festa  |  November 2, 2011

  Oversight would include a single, independent auditor hired by the company and pre-approved by the NAIC, to make sure new reserving methods meet the sniff test. Will the idea fly?