VM-21: Requirements for Principle-Based Reserves for ...
For each scenario, the greatest present value of accumulated deficiency is calculated. ... Separately compute R2 = the reserves as of 1/1/20 following the calculation requirements from VM-21 in the 2019 NAIC Valuation Manual for the same in-force contracts used to compute R1, ... shall be determined net of any reinsurance treaties that meet the ... ................
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