Valuation Manual (VM)-22 (A) Subgroup

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Life Insurance and Annuities (A) Committee
Accelerated Underwriting (A) Working Group (disbanded)
Annuity Suitability (A) Working Group
Life Actuarial (A) Task Force
Experience Reporting (A) Subgroup
Generator of Economic Scenarios (GOES) (E/A) Subgroup
Life and Annuity Illustration (A) Subgroup
Longevity Risk (E/A) Subgroup
Valuation Manual (VM)-22 (A) Subgroup
Variable Annuities Capital and Reserve (E/A) Subgroup

Valuation Manual (VM)-22 (A) Subgroup

Life Insurance and Annuities (A) Committee
Accelerated Underwriting (A) Working Group (disbanded)
Annuity Suitability (A) Working Group
Life Actuarial (A) Task Force
Experience Reporting (A) Subgroup
Generator of Economic Scenarios (GOES) (E/A) Subgroup
Life and Annuity Illustration (A) Subgroup
Longevity Risk (E/A) Subgroup
Valuation Manual (VM)-22 (A) Subgroup
Variable Annuities Capital and Reserve (E/A) Subgroup

2025 Membership (PDF)

2025 Charge

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.

Calendar

Public Webex Meeting
Wednesday, April 23, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr

VM-22 Supplement

VM-22 Supplement Instructions

Valuation Manual (VM)-22 (A) Subgroup - 04302025

Public Webex Meeting
Wednesday, April 30, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr

To be determined.

Valuation Manual (VM)-22 (A) Subgroup - 05142025

Public Webex Meeting
Wednesday, May 14, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr

The purpose of this meeting will be to finalize all VM-22 related guidance to propose as a recommendation to LATF.

See all Current Exposure Drafts

The following documents are being exposed for a public comment period ending, Wednesday, March 26, 2025:

SPA Policy Holder Behavior Assumptions Proposed Edits (Clean)

SPA Policy Holder Behavior Assumptions Proposed Edits (Redline)

Please send comments to Amy Fitzpatrick by close of business on March 26, 2025.

The following document is being exposed, with specific comment periods for the questions outlined below:

Chair Exposure for Remaining Decisions on Framework

For items 1 – 3 (Reinvestment Guardrail, SERT Threshold, SERT Mortality Sensitivity), please provide related comments by Feb. 25 to allow for discussion at a Feb. 26 meeting.

For item 4, please provide comments by Mar. 17.

Please send comments to Amy Fitzpatrick according to the timing outlined above.

LRT VM-22 Illustration 2024.10.11.xlsx

VM-31 Draft

VM-G Draft

VM-22 Supplement Blank – April 2024

VM-22 Draft – July 2023 (Clean Version)

VM-22 Draft – July 2023 (Redline Version)

VM-22 SPA Draft – June 2024 (Clean Version)

VM-22 Comment Log – June 2022

ARWG Preliminary Framework Oct 2020

ARCWG VM-22 Framework Exposure

Field Test Instructions

VM-22 Field Test Specifications

C-3 RBC Field Test Instructions

VM-22 Field Test Reporting Template

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Related �Ӱ��Ƶ Publications

Committee and task force minutes PDF files will be posted to the Interactive Agenda approximately 10 business days after the conclusion of a national meeting. They are posted to the Interactive Agenda for each meeting tab on the Meetings page. The Proceedings of the �Ӱ��Ƶ are made available after the minutes are adopted at each subsequent meeting and may be accessed via the �Ӱ��Ƶ Publications page.

Contacts

Media Inquiries
(816) 783-8909
news@naic.org

Amy Fitzpatrick
Life Associate Actuary
816-783-8837

Please see the current Committee List for a complete list of committee members.

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