Asset adequacy analysis definition

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in 5.34(5)“d.”

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in subsection (3)(D) of this rule.

Asset adequacy analysis means an analysis that meets the requirements of section 5(d) of this rule. The term includes cash flow testing, sensitivity testing, or applications of risk theory.

Examples of Asset adequacy analysis in a sentence

• LATF Update: Asset adequacy analysis requirements in NAIC Model #820 and VM-30 require that company Appointed Actuaries perform testing to ensure that the reserves held for the company’s liabilities are adequate in light of the assets supporting the business.

• Asset adequacy analysis should anticipate no premium rate increases unless they have been approved and the company confirms plans to implement along with the approximate date.

• Regulation 128 BusinessAn actuarial opinion and memorandum as described by Regulation 128 should be submitted for all such business, including synthetic GICs. Asset adequacy analysis should handle synthetic GICs consistently with non-synthetic GICs. The following information should be included with the Actuarial Memorandum: 1) The book value and market value of synthetic GIC contracts issued in New York and of synthetic GIC contracts issued in jurisdictions other than New York.

• Asset adequacy analysis for all variable annuity and variable life insurance products (including that for any guaranteed living benefits, guaranteed minimum death benefits, and/or recoverability testing of CARVM allowance) should assume the return described above (before deduction of M&E charges and investment expenses) on equity funds and other funds with substantial volatility of returns.

• Asset adequacy analysis generally reflects management’s actual strategy, but some actuaries believe it is not necessary for asset adequacy analysis to assume that management will exercise a voluntary option.

More Definitions of Asset adequacy analysis

Asset adequacy analysis means an analysis that meets the standards and other requirements set forth in WAC 284-07-350(4).

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in 5.4 of this regulation.

Asset adequacy analysis means an analysis that meets the standards and other requirements re- ferred to in 5.34(5)“d.” It may take many forms, including, but not limited to, cash flow testing, sensi- tivity testing or applications of risk theory.

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in Rule .0303(d) of this Section.

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in Subsection 5D of this rule. It may take many forms, including, but not limited to, cash flow testing, sensitivity testing or applications of risk theory.

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in § 9.5(D) of this Part.

Asset adequacy analysis means an analysis that meets the standards and other requirements referred to in s. Ins 50.75 (4). It may take many forms, including, but not limited to, cash flow testing, sensitivity testing or applications of risk theory.