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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.
Calendar

There are no call materials at this time.

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

Eric King
Health Actuary
816-783-8234

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