Compiling...

Long-Term Care Valuation (B) Subgroup

2019 Charges:

The Long-Term Care Valuation (B) Subgroup will:

  • Study the minimum standards applicable to statutory reserves for LTCI. Ensure Model #10 remains open to accommodate any necessary changes to the standards. Begin developing a principle-based framework for a set of minimum standards.
  • Begin to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) methodology. LTCI should be a priority. Request Model #10 be opened to accommodate the new requirements.
  • Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.

There are no call materials at this time.

Related NAIC Publications

Contacts

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


Eric King
Health Actuary
816-783-8234

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

 

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