Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys – Regulation XXX Survey Subcommittee. The purpose of the survey was to explore the actions companies took on their term products in response to the introduction of the NAIC Valuation of Life Insurance Policies Model Regulation [Regulation XXX] and Actuarial Standard of Practice No. 40, including the development of companies' ‘X factors,’ the associated annual X factor certification process, and how Regulation XXX impacted the companies' level term pricing.

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of a survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Mortality Improvement Survey Subcommittee. The purpose of the survey was to explore life insurance company practices regarding the use of a mortality improvement assumption in the pricing of life insurance products.