Standard Valuation Act Valuation Manual and Effective Date

# STATE OF NEBRASKA DEPARTMENT OF INSURANCE Bruce R. Ramge Director June 15, 2016 CB-136  Pete Ricketts Governor # BULLETIN # SUBJECT: STANDARD VALUATION ACT VALUATION MANUAL AND EFFECTIVE DATE Pursuant to the Standard Valuation Act, Neb. Rev. Stat. §§ 44-8901 to 44-8912, the Director of Insurance shall prescribe the valuation manual no later than July 1, 2017, which conforms substantially to the valuation manual developed and adopted by the National Association of Insurance Commissioners. The standard prescribed in the valuation manual is the minimum standard of valuation required by the Standard Valuation Act for all outstanding life insurance contracts, accident and health insurance contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. Therefore, pursuant to the authority granted by Neb. Rev. Stat. § 44-8908(2), I hereby prescribe the valuation manual adopted by the National Association of Insurance Commissioners on December 2, 2012. The operative date of the valuation manual shall be January 1, 2017. Questions about this bulletin may be directed to Rhonda Ahrens, Life and Health Actuarial Examiner, at rhonda.ahrens@nebraska.gov or (402) 471-2201. Dated this 15 day of June, 2016. Bruce R. Ramge Director 941 O Street, Suite 400 PO Box 82089 Lincoln, Nebraska 68501-2089 Phone (402) 471-2201 Facsimile (402) 471-4610 Website http://www.dot.nebraska.gov An Equal Opportunity Employer