ACLI - TRG - Technical Resource Goup - NAIC

  • I think you really have to make sure that people understand volatility, whether you solve for a policy blowing up or values being halved.
    • I think you have to catch people's attention, and that is all to the good.

--  George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group - Illustrations)

1994 - SOA - Problems and Solutions for Product Illustrations, Society of Actuaries - 28p

  • 1993 Proc. 1st Quarter 263-265
    • Technical resource advisors [TRG] pointed out that vanishing premium illustrations should include an explanation that premiums only vanish if assumptions reflected in the illustration continue unchanged into the future.
    • The advisors did not favor disclosure of the assumptions underlying policy performance because they were so complex.
    • They were concerned about being able to explain, in an understandable way, the multitude of assumptions with a bearing on policy performance.
  • NAIC Model Laws, Regulations, Guidelines and Other Resources—January 2011
    • LIFE INSURANCE ILLUSTRATIONS MODEL REGULATION - PC-582-1
    • Proceeding Citations - All references are to the Proceedings of the NAIC  ---  [BonkNote]
  • 1993-1, NAIC Proceedings
    • TRG - Report of the Technical Resources Group - 263
  • 1993-2, NAIC Proceedings
    • TAC - Technical Advisory Committee - Illustrations Cover Page (Draft) - p732 - 3p
    • TAC - Requirements for Illustration Cover Pages - 3p
    • TAC - Draft Illustrations Cover Page Attachment Six-A - 732 - 3p
  • 1994-1, NAIC Proceedings
    • lllustrations Recommended by Technical Resource Advisors (Attachment Four-A) - 367
  • 1994-2, NAIC Proceedings
    • TRG - Illustration of Guaranteed Benefits ABC Life Insurance Company - 549 - Technical Resource Group
    • TRG - Illustration of Past Performance ABC Life Insurance Company - Technical Resource Group
  • 1994-3, NAIC Proceedings
    • Actuarial Analysis of Illustration Proposals TRC 9.1.1994 - p532-547 - 16p
    • Technical Resource Committee's Draft Suggestions Concerning the Life Insurance Illustrations Model Regulation - 524