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Old 02-22-2018, 05:20 PM
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Lord Vader Lord Vader is offline
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Section 3.B.13 discusses the regulatory asset adequacy issues summary, and explains the contents are specified in Section 3.B.14. I don't see a Section 3.B.14. Please offer comments on potential solutions to my problem -

a. I do not have a current copy of VM-30
b. I am blind from doing too much year end work
c. VM-30 meant to refer to Section 3.B.13 in Section 3.B.13
d. I drank too much last night
e. I did not drink enough last night

Thanks in advance.
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Old 02-23-2018, 01:41 PM
phdmom phdmom is offline
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I have the same question, so I don't think it's a. Of course, b, d, or e might also apply to me; what do I know?
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Old 02-23-2018, 03:07 PM
ian grey ian grey is offline
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Which version of the manual are you using? The valuation manual I'm using doesn't include the reference to 3.B.14. It's the one adopted August 9, 2017.
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Old 02-23-2018, 05:33 PM
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It appears the answer might be a. Where did you find the most recent manual?
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Old 02-27-2018, 06:12 AM
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Quote:
Originally Posted by Lord Vader View Post
It appears the answer might be a. Where did you find the most recent manual?
A few things:

- Indeed, in the version adopted 8/9/2017, it looks like the reference to 3.B.14 is removed. It is replaced by "below". In other words, the subparts of 3.B.13 seem to constitute what the RAAIS should be.
- This seems to be also consistent for the most part with the AOMR version of the RAAIS, except that item 1 is an explicit statement whether the statement is unqualified or not.
- According to the Academy's 2018 Life & Health Valuation Law Manual (which is different from the NAIC Valuation Manual, but does include the NAIC manual), it appears that the version effective in 2018 includes any updates made to the manual since 8/29/2016, which seems to imply that the version of the manual for 2017 should be the August 2016 version. It seems reasonable that there should be some lead time for changes made to the manual, in that they not be put into effect in the calendar year that they are adopted. However, I haven't seen that stated anywhere.
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