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Old 05-16-2018, 12:57 PM
brakeshoe brakeshoe is offline
Join Date: Jan 2004
Posts: 12
Default Cell Testing Policy

Our company recently received some recommendations from one of the states we do business in. They were looking for us to beef up our cell testing policy to be at least annually. Since this could be potentially a pretty heavy lift across all the valuation models we want to make sure we do not go overboard in complying. Can anyone share some information as to whether their company has an official cell testing policy and if so what sort of things are included. Thanks in advance.
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Old 05-16-2018, 04:39 PM
Sleeping Dragon Sleeping Dragon is offline
Join Date: Jun 2003
Posts: 128

My department has annual cell testing as part of our Model Audit Rule process. We test around 15 Life policies annually. We test to make sure the relevant valuation inputs are correct by comparing them to the administrative system. We also recalculate the reserves from first principles in spreadsheets and compare them to the reserves we are holding.
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cell testing policy

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