Slides from a panel discussion at the Society of Actuaries 2010 Life & Annuity Symposium held in May 2010 in Tampa, FL
Overviews and review of the history the Model Illustration Regulation. The session will also review the applicable standards of practice, including ASOP #24 as well as the Practice Notes. Additional topics to be covered will include review of the tasks necessary to test and certify new business or inforce non-guaranteed scales, assumption development, lapse and self support tests, documentation and the timelines.