Long-Term Care Valuation (B) Subgroup

2020 Membership

2020 Charges:

The Long-Term Care Valuation (B) Subgroup will:

  • Study the minimum standards applicable to statutory reserves for LTCI. Ensure Model #10 remains open to accommodate any necessary changes to the standards. Begin developing a principle-based framework for a set of minimum standards.
  • Begin to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) methodology. LTCI should be a priority. Request Model #10 be opened to accommodate the new requirements.
  • Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
Related NAIC Publications


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Eric King
Health Actuary

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