"Updates on Principle-Based Reserving"

This Stroock Special Bulletin provides an overview of developments regarding principle-based reserving legislation, the Process and Procedures Manual, which has been referred to the Principle-Based Reserving Implementation (EX) Task Force (“PBRITF”), a planned PBR pilot, the goal of which would be to aid in the implementation of PBR by reviewing the regulatory processes and company submissions and by making changes, if any, to the regulatory review process or VM instructions before the PBR effective date, and other relevant topics.