home

Use the Jurisdiction Map and related links to find resources and contact information for NAIC member insurance departments.

Members & Regulators Executive Committee Members List Members by Zone Department Directory
Governance & Leadership About the NAIC Annual Report Bylaws Meetings & Events Calendar
Resources Education & Training Industry MEWA Plan Contacts
X

Actions considered by the NAIC are exposed and discussed through NAIC Committees , task forces and subgroups. These links provide access to relevant staff, charges and schedules.

Structure & Activity Committee List Exposures NAIC Bylaws Meetings & Events Calendar
Publications Compendium: State Laws Table of Contents: Model Laws Model Bulletins
CIPR Resources Key Issues Legislative Reference CIPR Events CIPR Industry Snapshots Research & Actuarial Department
X

NAIC Members are the chief insurance regulators from each of the 50 U.S. states and six territories. These links lead to NAIC resources developed primarily for them and their departments.

Membership Lists Members by Zone Executive Committee Elected/Appointed Insurance Dept Directory Staff Directory   (Password Required)
Help Accreditation Newsroom Library NAIC Legal Meetings & Events Calendar
NAIC Organization Government Relations Securities Valuation Office (SVO) Structured Securities Group (SSG) Capital Markets Bureau Policy & Research (CIPR)
X

NAIC Products provide reliable data, information and technology applications for regulators, consumers and industry.

Technology Solutions (myNAIC) Automated Valuation Service (AVS) State Based Systems (SBS) SERFF OPTins I-Site +
Publications & Data Publications (by Category) Financial Statement Data Proceedings of the NAIC InsData Regulatory Data Collection
Other Producer Registry (NIPR) Compact (IIPRC) Account Manager
X

NAIC Education & Training offers professional development for state insurance regulators, as well as courses to help industry professionals comply with regulatory processes.

Course Schedule Catalog Curriculum Chart Technical Training International Training
NAIC Designation Program Enroll/Log-In Policies & Procedures FAQ Catalog of Electives
Other CIPR Events Meetings & Events Calendar Members & Regulators
X

All consumer education and reference material is now in one place, the NAIC Consumers page.

Alerts & Tools Life Insurance Policy Locator Consumer Information Search (CIS) Online Fraud Reporting System (OFRS) Glossary of Insurance Terms Consumer Guides
Participation/Representation Operations Plan Funded Reps Unfunded Reps Consumer Liaison Committee
Navigate Insurance Auto Insurance Health Insurance Homeowners Insurance Life Insurance Small Business Insurance
X

These links lead to NAIC tools, training and information for insurance industry professionals.

Licensing, Rates & Forms Producer Registry (NIPR) Compact (IIPRC) Uniform Certificate (UCAA) Company Code Application Rate & Form Filing (SERFF)
Financial Filing Resources State Instructions Securities Valuation (SVO) Structured Securities (SSG) Subsidiary/Controlled/Affiliated (SCA) Blanks Updates
Market Conduct (MCAS) Participating Jurisdictions Participation Requirements MCAS Scorecard Ratios MCAS User Guide MCAS Blanks Working Group
X
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.
Calendar
VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, April 21, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, April 28, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Conference Call
Wednesday, May 05, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, May 12, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, May 19, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, May 26, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, June 02, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, June 09, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, June 16, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, June 23, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, June 30, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, July 07, 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 these calls will be to discuss requirements for non-variable annuities

VM-22 (A) Subgroup

Public Webex Meeting
Wednesday, July 14, 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 these calls will be to discuss requirements 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)

VM-22 SG 200611

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.

VM-22 (A) Subgroup 200520

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.

Related NAIC Publications

Draft meeting minutes are available free for meeting attendees 10 business days after a national meeting concludes, using the User ID and Password supplied by the NAIC. Regulators may access minutes via StateNet.
Final committee minutes and Proceedings of the NAIC are available to non–attendees, after adoption at the next national meeting, for free in the PDF format through the NAIC Products & Services website.

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.