Description: The Actuarial Opinion and Memorandum Regulation states that the purpose of asset adequacy analysis is to certify that assets are adequate to cover reserves under “moderately adverse conditions.” This article discusses the determination of whether an interest yield scenario is moderately adverse or extreme.

Description: This article gives an overview of the NAIC codification project, which describes procedures and methods for compiling statutory financial statements. A number of accounting principles included in codification are described.

Description: Discusses some of the new and different ideas being considered by the Wilcox Committee that is working on the Unified Valuation System, UVS, especially as they relate to smaller companies.

Description: Status of state passage of the new Actuarial Opinion and Memorandum regulation and its effect on Section 7 opinions.

Description: The article summarizes recent regulatory discussions of interest to small insurance companies, primarily related to issues discussed at the NAIC.

Description: This article discusses the current status of the statutory move towards principle-based reserves, including implications for small insurance companies, noting that the outcome is certainly unclear.

Description: The new 2001 CSO regulation requires the filing of an asset adequacy opinion when the table is utilized - which can be a significant issue for small insurers.

Description: This article calls to attention the more modest needs of smaller companies contained in the PBA Implementation Guide.

Description: An update on the principle-based reserves (PBR) process and possible valuation manual adoption, with recommendations to actuaries on how to prepare.

Description: This article explains the work of the NAIC Life and Health Actuarial Task Force to draft a new standard valuation law from scratch. The author describes his version of the law based on his own opinions.