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Old 06-17-2019, 08:45 PM
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Mary Pat Campbell
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for right now, APF 2019-38 is here:

https://www.naic.org/documents/cmte_...pf_2019-38.doc

Quote:
The 2017 CSGI table was originally approved by LATF in 2018. Unfortunately, the original analysis of the table failed to consider all the issues associated with guaranteed issue products. Additional analysis by companies trying to implement the table have shown that use of the table is likely to disrupt the guaranteed issue market by making the products less viable due to pricing, cross-subsidization, nonforfeiture, and other concerns. This APF would maintain the 2001 CSO as the required table for guaranteed issue for 2020 and later issues. LATF will continue to monitor the emerging experience for guaranteed issue products and the appropriateness of the 2001 CSO table for this business. This redline only edits VM-02 to change the table for nonforfeiture for GI, but the analogous change to the table for reserves is also being made, due to the following Valuation Manual Section II.B language:

“For guaranteed issue life contracts issued after Dec. 31, 2018, mortality tables are defined in VM Appendix M – Mortality Tables (VM-M), and the same table shall be used for reserve requirements as is used for minimum nonforfeiture requirements as defined in VM-02, Minimum Nonforfeiture Mortality and Interest.”
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