Universal Life – Reserves – NAIC

Universal Life Reserves – NAIC

• CRVM
• Reserves
• Valuation

• Proposed Revision of Minimum Reserve Section of the Model Regulation for Universal Life Plans
  ARTICLE V: VALUATION

1986-1 (503)

• The term “net premium reserve” (NPR) means the amount determined in Section 3 of VM-20. (p

2021 – NAIC – Valuation Manual – [PDF-330p]

• Ed Royce (R-CA) – So we have the SEC. We have the Fed. We have the OCC that all serve to get financial instruments to represent the interests of the banking industry in terms of gaining access to markets overseas, and you are speculating that the National Association of Insurance Commissioners is not going to have that same clout or seat at the table in terms of opening those markets for competition?
• ACLI – Christopher M. Condron, Chairman of the Board and Chief Executive Officer, AXA Equitable Life Insurance Company, on behalf of the American Council of Life Insurers
  • They just cannot. You know, they cannot agree on what the reserving requirements will be on universal life insurance policies, or when they do agree, they cannot get all of the States to go along, and that is the frustration, I think, Commissioner Bell and all of the commissioners have always had with the NAIC.

2007 1003 – GOV (House) – The Need for Insurance Regulatory Reform, Paul Kanjorski (D-PA) – [PDF-163p, VIDEO-?]