- Life Insurance and Annuities (A) Committee
- Accelerated Underwriting (A) Working Group
- Annuity Disclosure (A) Working Group
- Annuity Suitability (A) Working Group
- Life Insurance Illustration Issues (A) Working Group
- Life Insurance Online Guide (A) Working Group
- Life Actuarial (A) Task Force
- Experience Reporting (A) Subgroup
- Guaranteed Issue (GI) Life Valuation (A) Subgroup
- Indexed Universal Life (IUL) Illustration (A) Subgroup
- Longevity Risk (E/A) Subgroup
- Variable Annuities Capital and Reserve (E/A) Subgroup
- Valuation Manual (VM)-22 (A) Subgroup
- Retirement Security (A) Working Group
2020 Charge
The VM-22 (A) Subgroup will:
- Recommend requirements, as appropriate, for non-variable (fixed) annuities in the accumulation and payout phases for consideration by the Life Actuarial (A) Task Force. A PBR methodology will be considered, as appropriate.
Public Webex Meeting
Wednesday, January 20, 2021
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr
Webex Link
The purpose of the call is to continue development of PBR for VM-22.
Public Webex Meeting
Wednesday, January 27, 2021
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr
Webex Link
The purpose of the call is to continue development of PBR for VM-22.
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.
- Summary of subgroup’s current positions to present to LATF. (Bruce Sartain)
- Develop Standard Projection Amount analogous to VM21’s, and decide after field testing whether floor or disclosure? (Bruce Sartain)
- Begin discussion of reinvestment guardrail options, for purposes of spread and default assumptions: (Chris Conrad)
- VM20/VM21: 50% A, 50% AA
- VM22: 5% Treasuries, 15% Aa, 40% A, 40% Baa
- Other
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)
Public Conference Call
Thursday, June 11, 2020
11:00 AM ET, 10:00 AM CT, 9:00 AM MT, 8:00 AM PT
Expected Length of Call: 1 hr
Diamond Pass Link
The purpose of the call is to discuss exclusion tests for VM-22.
Public Conference Call
Wednesday, May 20, 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 of the call is to receive an update from the Academy Annuity Reserves Work Group.
Contacts
Media Inquiries
(816) 783-8909
news@naic.org
Reggie Mazyck
Life Actuary
Phone: 202-471-3991
Please see the current Committee List for a complete list of committee members.