VM-21: Requirements for Principle-Based Reserves for ...

Separately, compute R2 = the reserve as of January 1, 2020 following the VM-21 requirements applicable in the 2019 NAIC Valuation Manual for the same in-force contracts used to compute R1. ... a.The additional invested asset portfolio for a scenario is a portfolio of general account assets as of the valuation date, outside of the starting asset ... ................
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