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Valuation Manual (VM)-22 (A) Subgroup

2021 Membership

2021 Adopted Charge

The Valuation Manual (VM)-22 (A) Subgroup will:

  1. Recommend requirements, as appropriate, for non-variable (fixed) annuities in the accumulation and payout phases for consideration by the Life Actuarial (A) Task Force. Continue working with the Academy on a PBR methodology for non-variable annuities.
VM-22 SG 200715

Public Conference Call
Wednesday, July 15, 2020
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Diamond Pass Link

The purpose is to continue discussion of principle-based reserves for VM-22.

  1. Summary of subgroup’s current positions to present to LATF.  (Bruce Sartain)
  2. Develop Standard Projection Amount analogous to VM21’s, and decide after field testing whether floor or disclosure?  (Bruce Sartain)
  3. Begin discussion of reinvestment guardrail options, for purposes of spread and default assumptions:  (Chris Conrad)
    1. VM20/VM21: 50% A, 50% AA
    2. VM22:            5% Treasuries, 15% Aa, 40% A, 40% Baa
    3. Other

VM-22 SG 200701

Public Conference Call
Wednesday, July 01, 2020
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Diamond Pass Link

The purpose is to continue discussion of principle-based reserves for VM-22.

1. Introduction and next steps (Bruce Sartain)
2. Develop Standard Projection Amount analogous to VM21? (Bruce Sartain)
3. Aggregation education session (Ben Slutsker)


Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
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Reggie Mazyck
Life Actuary 
Phone: 202-471-3991

Please see the current Committee List for a complete list of committee members.