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How Are Tax Reserves for VAGLB Determined for Pre-2010 Contracts?
aggregate charges for VAGLB in force to the valuation date (Charge Accumulation Reserve) and subject ... themselves expressly reflect a recognized mortality table and discount rate.3 The second argument made by ...- Authors: Michael LeBoeuf, Peter Winslow
- Date: May 2011
- Competency: External Forces & Industry Knowledge
- Publication Name: Taxing Times
- Topics: Annuities>Variable annuities
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Actuary/Tax Attorney Dialogue on Selected Tax Issue in Principle-Based Reserves (Part IV)
Insurance Commissioners (NAIC) adopted the revised Valuation Manual that sets forth principle-based reserving ... The vote allows the Standard Valuation Law (and the accompanying Valuation Manual) to be sent to state ...- Authors: Peter Winslow
- Date: Feb 2013
- Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise
- Publication Name: Taxing Times
- Topics: Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Tax accounting
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T3: Taxing Times Tidbits
adopted a comprehensive revision to the Standard Valuation Law (SVL). Section 11 of the new SVL provides ... new NAIC Valuation Manual for policies issued on or after the “operative date” of the Valuation Manual ...- Authors: Kory Olsen, Peter Winslow
- Date: Feb 2011
- Competency: External Forces & Industry Knowledge
- Publication Name: Taxing Times
- Topics: Annuities; Annuities>Variable annuities; Financial Reporting & Accounting>Tax accounting; Life Insurance
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Taxing Times, September 2007, Volume 3, Issue No. 3
only formulaic reserves based on net premium valuation methodology qualify as life insurance reserves; ... that only reserves computed using a net premium valuation methodology where prospectively computed reserves ...- Authors: Christian J DesRochers, Leslie Chapman, Brian King, Kory Olsen, Susan Hotine, Peter Winslow, Thomas Gibbons
- Date: Sep 2007
- Publication Name: Taxing Times
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Options for Inclusion of Stochastic Reserves
Commissioners’ Reserve Valuation Method (CRVM) or the Commissioners’ Annuity Reserve Valuation Method (CARVM) ... interpretation of CARVM as described in the Standard Valuation Law (SVL). Similarly, Section 1 of VM-20 states ...- Authors: Peter Winslow
- Date: Mar 2016
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Taxing Times
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T3: TAXING TIMES Tidbits
sufficient to fund the death benefit level if the annuitant were to die immedi- ately, any reserves attributable ... ceed the separate account assets. The Standard Valuation Law (SVL) is not very helpful in specifying how ...- Authors: Application Administrator, Charles J Auer, Craig Pichette, Bryan W Keene, Peter Winslow, Janel C Frank, Gregory K Oyler, Michael Edward Bauer
- Date: Feb 2010
- Competency: External Forces & Industry Knowledge
- Publication Name: Taxing Times
- Topics: Financial Reporting & Accounting>Tax accounting
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Subchapter L: Can You Believe It
becomes effective in 2017. For exam- ple, the Valuation Manual provides an elective transition rule that ... companies can comply with the Commis- sioners Reserve Valuation Method (CRVM) for contracts issued during 2017-2019 ...- Authors: Peter Winslow
- Date: Oct 2016
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Taxing Times
- Topics: Financial Reporting & Accounting>Tax accounting
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The Sixth Circuit Gets it Right in American Financial -- An Actuarial Guideline Can Apply to Prior Contracts When the Interpretation was a Permissible Option at the Time The Contract Was Issued
feder- ally prescribed interest rate and mortality table, the reserve is capped by the statutory reserve ... the prevailing interpretation of the Standard Valuation Law (SVL), i.e., the interpretation that has ...- Authors: Peter Winslow
- Date: Oct 2012
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Publication Name: Taxing Times
- Topics: Life Insurance
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Taxing Times, May 2005, Volume 1, Issue No. 1
Standard Ordinary Table (1980 CSO) to the 2001 Commissioners’ Standard Ordinary Table (2001 CSO) in determining ... standard table at the time the con- tract is issued. The concept of the prevailing table was bor- rowed ...- Authors: Application Administrator, Christian J DesRochers, Douglas N Hertz, Edward Robbins, Brian King, Craig R Springfield, Tom Quinn, Susan Hotine, Peter Winslow, Joseph F McKeever
- Date: May 2005
- Publication Name: Taxing Times
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Erroneous Tax Reserve Computation - Year of Correction
reserve method, the interest rate or mortality table prescribed by I.R.C. § 807(d) almost always is ... ation where the company used an incorrect mortality table in computing tax reserves for reinsured contracts ...- Authors: Peter Winslow
- Date: May 2013
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Taxing Times
- Topics: Financial Reporting & Accounting>Tax accounting