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Valuation Manual (VM)-22 (A) Subgroup

2025 Membership (PDF)

2026 Proposed Charges

  1. The Valuation Manual (VM)-22 (A) Subgroup will:
    1. Address topics designated as post-launch activities following the implementation of the VM-22 principle-based reserving (PBR) framework.
    2. Monitor the non-variable (fixed) annuities reserve framework and determine if revisions need to be made.
    3. Develop and recommend appropriate changes, including those that improve the accuracy and clarity of the VM-22 reserve requirements and reporting. 

2025 Charge

  1. The Valuation Manual (VM)-22 (A) Subgroup will:
    1. Recommend requirements for non-variable (fixed) annuities in the accumulation and payout phases for consideration by the Task Force, as appropriate. Continue working with the Academy on a PBR methodology for non-variable annuities.
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