NAIC seeks comments on principle-based-reserving plan

04/7/2013 | National Underwriter Life & Health

A principle-based-reserving implementation plan by the National Association of Insurance Commissioners would establish a working group to assist states. The plan also involves an appraisal of risk-based capital requirements, suggested revisions to annual forms and a training schedule. The PBR Valuation Manual will undergo a 30-day comment period, and it must be approved by at least 42 state legislatures in order to become the reserving model.

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National Underwriter Life & Health

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