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December 08, 2004
Regulators Clash With Actuaries Over Reserves
Key insurance commissioners want a task force to keep working on a model guideline for universal life secondary guarantee reserves.
Commissioners here at the winter meeting of the National Association of Insurance Commissioners, Kansas City, Mo., said the actuaries should focus more on reserving strategies based on actuarial models and less on traditional, formula-based methods.
Posted by Tom Troceen