Standard Valuation Act Valuation Manual Updates

NEBRASKA Good Life. Great Opportunity. DEPARTMENT OF INSURANCE  Pete Ricketts, Governor # COVER SHEET CB-138 (Amended) December 3, 2021 # BULLETIN # SUBJECT: STANDARD VALUATION ACT VALUATION MANUAL UPDATE This guidance document is advisory in nature but is binding on an agency until amended by such agency. A guidance document does not include internal procedural documents that only affect the internal operations of the agency and does not impose additional requirements or penalties on regulated parties or include confidential information or rules and regulations made in accordance with the Administrative Procedure Act. If you believe that this guidance document imposes additional requirements or penalties on regulated parties, you may request a review of the document. Contents of CB- 138 (Amended) follow on next page. Eric Dunning, Director Department of Insurance 1526 K Street, Suite 200 PO Box 95087 Lincoln, Nebraska 68509-5087 OFFICE 402-471-2201 FAX 402-471-4610 www.doi.nebraska.gov NEBRASKA Good Life. Great Opportunity. DEPARTMENT OF INSURANCE  December 3, 2021 CB-138 Pete Ricketts, Governor # BULLETIN # SUBJECT: STANDARD VALUATION ACT VALUATION MANUAL UPDATE On June 15, 2016, pursuant to Neb. Rev. Stat. §§ 44-8908(2) and Company Bulletin CB-136, the Director of Insurance prescribed the valuation manual which was adopted by the National Association of Insurance Commissioners on December 2, 2012. The operative date of the valuation manual was established as January 1, 2017. The National Association of Insurance Commissioners, through collaboration with all interested parties, continues to update the valuation manual which was prescribed initially on December 2, 2012. escribed the valuation manual which was adopted by the National Association of Insurance Commissioners on December 2, 2012. The operative date of the valuation manual was established as January 1, 2017. The National Association of Insurance Commissioners, through collaboration with all interested parties, continues to update the valuation manual which was prescribed initially on December 2, 2012. - For purposes of the 2017 reporting year, the Director hereby adopts the updates made to the valuation manual which were fully adopted by the National Association of Insurance Commissioners as of August 29, 2016. - For the 2018 reporting year, the Director hereby adopts the updates made to the valuation manual which were fully adopted by the National Association of Insurance Commissioners as of August 9, 2017. - For the 2019 reporting year, the Director hereby adopts the updates made to the valuation manual which were fully adopted by the National Association of Insurance Commissioners as of September 10, 2018. - For the 2020 reporting year, the Director hereby adopts the updates made to the valuation manual which were fully adopted by the National Association of Insurance Commissioners as of August 6, 2019. - For the 2021 reporting year, the Director hereby adopts the updates made to the valuation manual which were fully adopted by the National Association of Insurance Commissioners as of August 14, 2020. Eric Dunning, Director Department of Insurance 1526 K Street, Suite 200 PO Box 95087 Lincoln, Nebraska 68509-5087 OFFICE 402-471-2201 FAX 402-471-4610 www.doi.nebraska.gov - For the 2022 reporting year, the Director hereby adopts the updates made to the valuation manual which were fully adopted by the National Association of Insurance Commissioners as of August 17, 2021. Questions about this bulletin may be directed to Derek Wallman, Life and Health Actuarial Examiner, at derek.wallman@nebraska.gov or (402) 471-4899. Dated this 5th day of December, 2021. Eric Dunning, Director PRIOR VERSION