NAIC Joint Life Insurance and Annuities Committee, Principles-Based Reserving Working Group and Solvency Modernization Initiative Task Force Meeting
Jul 28, 2009
The NAIC Life Insurance and Annuities Committee will hold a joint meeting with the Principles-Based Reserving Working Group and Solvency Modernization Initiative Task Force via teleconference on Tuesday, July 28, at 2:00 p.m. (EST). The registration call-in number is: 412.317.6715.
The following items are scheduled to be discussed:
- Adoption of the June 15, 2009 draft of Model 820 – Standard Valuation Law as adopted by the Life and Health Actuarial Task Force
- Adoption of the June 12, 2009 draft of Model 815 – Model Regulation Permitting the Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities as adopted by the Life and Health Actuarial Task Force
- Presentation by Sheldon Summers of the California Department of Insurance entitled “Too Much Reinsurance Credit”
At the recently-concluded NAIC 2009 Summer National Meeting, the Life Insurance and Annuities Committee also approved release of the Valuation Manual section VM-20 and 2010 GRET table for comment. The Committee had deferred adopting revisions to both Model 820 and 815 to provide additional opportunity for regulators and interested parties to review the proposed revisions.