Description: In the summer of 2012 the SIC decided the time was right to find out what current practices were with respect to Asset Adequacy Testing. This article summarizes the survey process and results obtained. The purpose of the survey was twofold: first, to educate actuaries prior to year-end work about current AOMR practice reflecting changes since the American Academy of Actuaries’ (AAA’s) 2004 Practice Note had been issued; secondly, to provide enough information such that an update of that practice note could be done should the AAA decide a revision to the note was desired.

Description: A review of the development of the 2005 Version of the Generally Recognized Expense Table GRET, to be used to show compliance with the NAIC Life Insurance Illustration Model Regulation and the associated Actuarial Standard of Practice