Life Actuarial (A) Task Force

Life Insurance and Annuities (A) Committee
Accelerated Underwriting (A) Working Group (disbanded)
Annuity Suitability (A) Working Group
Life Actuarial (A) Task Force
Experience Reporting (A) Subgroup
Generator of Economic Scenarios (GOES) (E/A) Subgroup
Life and Annuity Illustration (A) Subgroup
Longevity Risk (E/A) Subgroup
Valuation Manual (VM)-22 (A) Subgroup
Variable Annuities Capital and Reserve (E/A) Subgroup

Life Actuarial (A) Task Force

Life Insurance and Annuities (A) Committee
Accelerated Underwriting (A) Working Group (disbanded)
Annuity Suitability (A) Working Group
Life Actuarial (A) Task Force
Experience Reporting (A) Subgroup
Generator of Economic Scenarios (GOES) (E/A) Subgroup
Life and Annuity Illustration (A) Subgroup
Longevity Risk (E/A) Subgroup
Valuation Manual (VM)-22 (A) Subgroup
Variable Annuities Capital and Reserve (E/A) Subgroup

2025 Membership (PDF)

2025 Charges

The mission of the Life Actuarial (A) Task Force is to identify, investigate, and develop solutions to actuarial problems in the life insurance industry.

Ongoing Support of NAIC Programs, Products, or Services

The Life Actuarial (A) Task Force will:
1. Work to keep reserve, reporting, and other actuarial-related requirements current. This includes principle-based reserving (PBR) and other requirements in the Valuation Manual, actuarial guidelines, and recommendations for appropriate actuarial reporting in blanks. Respond to charges from the Life Insurance and Annuities (A) Committee and referrals from other groups or committees, as appropriate.
2. Report progress on all work to the Life Insurance and Annuities (A) Committee and provide updates to the Financial Condition (E) Committee on matters related to life insurance company solvency. This work includes the following:
  1. Work with the American Academy of Actuaries (Academy) and the Society of Actuaries (SOA) to develop new mortality tables for valuation and minimum nonforfeiture requirements for life insurance and annuities, as appropriate.
  2. Provide recommendations for guidance and requirements for accelerated underwriting (AU) and other emerging underwriting practices, as needed.
  3. Work with the SOA on the annual development of the Generally Recognized Expense Table (GRET) factors.
  4. Provide recommendations and changes to other reserve and nonforfeiture requirements to address issues as appropriate and provide actuarial assistance and commentary to other NAIC committees relative to their work on actuarial matters.
  5. Work with the selected vendor to develop and implement the new generator of economic scenarios (GOES) for use in regulatory reserve and capital calculations.
  6. Monitor international developments regarding life and health insurance reserving, capital, and related topics. Compare and benchmark these with PBR requirements.
  7. Coordinate with the Reinsurance (E) Task Force on actuarial items related to reinsurance.

Calendar

Life Actuarial (A) Task Force
Saturday, March 22, 2025
8:00 AM - 4:30 PM EDT

JW Marriott Indianapolis—JW Grand 1–4—Level 3

Agenda

Summary

Minutes

Life Actuarial (A) Task Force
Sunday, March 23, 2025
8:00 AM - 10:00 AM EDT

JW Marriott Indianapolis—JW Grand 1–4—Level 3

Agenda

Summary

Public Webex Meeting
Thursday, April 17, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

CALL CANCELED

Public Webex Meeting
Thursday, April 24, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, May 01, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr 30 min
Webex Link

To be determined.

Public Webex Meeting
Thursday, May 08, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, May 15, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, May 22, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Wednesday, May 28, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link

The purpose of this meeting will be to consider a three-week exposure of the VM-22 framework ending Tues 6/17.

Public Webex Meeting
Thursday, May 29, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr 30 min
Webex Link

To be determined.

Public Webex Meeting
Thursday, June 05, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, June 12, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Wednesday, June 18, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link

The purpose of this meeting will be to consider adoption of the VM-22 framework or re-expose for one week ending on 6/24 (for any non-substantive edits).

Public Webex Meeting
Thursday, June 19, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

CALL CANCELED

Public Webex Meeting
Wednesday, June 25, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link

The purpose of this meeting will be a placeholder to consider adoption of the VM-22 framework if LATF exposed it for an additional week on 6/18.

Public Webex Meeting
Thursday, June 26, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, July 03, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, July 10, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

Public Webex Meeting
Thursday, July 17, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.

See all Current Exposure Drafts

The following document is being exposed for a 21-day public comment period ending Tuesday, April 29:

APF 2025-04 Economic Scenario Generator 04072025

Please send comments to Scott O'Neal by April 29, 2025.

The following document is being exposed for a 14-day public comment period ending Wednesday, April 16:

APF 2025-02 Statutory Interest Rate Rounding

Please send comments to Scott O'Neal by April 16, 2025.

The following document is being exposed for a 21-day public comment period ending Wednesday, April 23:

APF 2025-06 Knowledge Statements

Please send comments to Scott O'Neal by April 23, 2025.

The following document is being exposed for a 28-day public comment period ending Wednesday, April 30:

APF 2025-07 Remove VM-21 CSMP

Please send comments to Scott O'Neal by April 30, 2025.

The following document is being exposed for a 32-day public comment period ending Thursday, April 24:

AG ReAAT 032325

Please send comments to Scott O'Neal by April 24, 2025.

The following document is being exposed for a 21-day public comment period ending April 13:

APF 2025-05

Please send comments to Scott O'Neal by April 13, 2025.

NAIC ESG Field Test Documents

NAIC ESG Landing Page on Conning Website
Note: The above link directs to an external site.

Economic Scenario Generator Documents

3/4/2021 LATF Meeting (Recording)
2/25/2021 LATF Meeting (recording)
Navigation to ESG Information
ESG Q&A (Updated 4/7/21)
NAIC Technical Documentation - Corporate Bonds
NAIC Technical Documentation - Equity
Fall National Meeting ESG Session (recording)
ESG Timeline 1/21/21
ESG Background and Deliverables
Technical Documentation – Interest Rates
Treasury-Equity Linkage Pros and Cons
Treasury Targets and Tradeoffs
Treasury-Equity Linkage Technical Details
Initial Equity Volatility

PBR Education

2023 PBR Review Report

2022 PBR Review Report

2021 PBR Review Report

2020 PBR Review Report

2019 PBR Review Report

2018 PBR Review Report

SOA PBR Durable Education Component for NPR
PBR Training Inventory Table

Base Tables:
2015 VBT Unismoke ANB/ALB Tables
2015 VBT Smoker-Distinct ANB/ALB Tables

Relative Risk Tables:
2015 VBT Male Non-Smoker RR ANB Tables
2015 VBT Female Non-Smoker RR ANB Tables
2015 VBT Male Non-Smoker RR ALB Tables
2015 VBT Female Non-Smoker RR ALB Tables
2015 VBT Male Smoker RR ANB Tables
2015 VBT Female Smoker RR ANB Tables
2015 VBT Male Smoker RR ALB Tables
2015 VBT Female Smoker RR ALB Tables

FAQ on Qualifications and PBR

Report on the Results of the Principle - Based Reserving State Resource Survey

VM-20 Impact Study – Towers Watson

PBR Company Pilot Project Report

Amendment Proposal Form

VM-30 Reporting:

Transition from LIBOR to SOFR

IMR Allocation Guidance

Generally Recognized Expense Table ("GRET"):

Life Insurance Illustrations Model Regulation

LATF Statement on AG 38 - Nov. 1, 2011

Standard Valuation Law (No. 820)
[PDF | DOC]

Standard Nonforfeiture Law for Life Insurance (No. 808)
[PDF | DOC]

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Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions

Compendium of State Laws on Insurance Topics

Model Laws, Regulations and Guidelines