2014 Credit Disability Study Report – An Update of the 2004 Study
As a part of the Principle-Based Reserve (PBR) effort by the NAIC, the section of the Valuation Manual dealing with credit insurance reserves (VM-26) contains a standard that single premium credit disability reserves will be based on a modified version of the 1985 CIDA table. With the potential adoption date of PBR within the next few years, it is important to ensure the standard remains appropriate. This study examines the experience in 2008 and 2013 in this regard.
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