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  #11  
Old 02-06-2018, 02:56 PM
dunnigan dunnigan is offline
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SOA presentations from when an AG was new can be a good source of background, as are actuaries in your company (or network) that worked through those periods.

As you point out, succinct summaries are hard to come by, so if you create them for yourself, make sure you let me know.

But as a department or company, it's an ongoing process (as staff and laws change) to develop the knowledge base to discuss with a variety of audiences how your reserves are calculated, as well as ensure your software is coming up with appropriate reserves and related items.
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Old 02-13-2018, 06:02 PM
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kazh kazh is offline
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I prefer to refer to "conformity" to Actuarial Guidelines rather than "compliance" (which caused LATF some concern when they felt that their interpretation of the old AG38 was the law). But failing to follow an AG can cause a heap of trouble, e.g., with regulatory examiners and analysts. If there is any question as to whether the company is heeding an AG, such as when the AG has an effective date and the company only starts conforming as of that date, it seems wise to document in detail the company's decisions and my actuarial analysis in a note to a file.
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Old 02-19-2018, 03:25 PM
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JMO Fan JMO Fan is offline
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I hope we can get an Actuarial Guideline that will permit grandfathered business to be reserved under PBR. Otherwise we're facing a century of dual statutory reserve systems. It would eliminate a lot of the confusion over past AGs.
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Old 02-20-2018, 02:53 PM
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Thumbs up Statutory simplification

Quote:
Originally Posted by JMO Fan View Post
I hope we can get an Actuarial Guideline that will permit grandfathered business to be reserved under PBR. Otherwise we're facing a century of dual statutory reserve systems. It would eliminate a lot of the confusion over past AGs.
Perhaps the difference in reserves could grade in over 3-5 years.
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