Targeted News Service (Press Releases)
The approved taxes are:
* Variable Annuity Model Office – This exercise requires professional services to obtain a model office to perform reserve and capital scenario calculations for a representative portfolio of in-force variable annuity products and registered indexed annuities, support and hedging strategy assets. A model office is a portfolio of variable annuity insurance liabilities with a range of different underlying product characteristics together with a corresponding portfolio of supporting invested assets with a range of different investment characteristics; thus, it is modeled to produce a range of representative reserves and capital results. The model office would also facilitate independent scenario analysis and provide a point of comparison to assess the reasonableness of individual participants’ results in the Economic Scenario Generator (ESG) field tests.
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Original text here: https://content.naic.org/article/naic-approves-two-2022-fiscals