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

Compute R1 = the reserves as of the valuation date following the applicable VM-21 requirements for all business in-force on the valuation date, 2. Separately compute R2 = the reserves as of the valuation date following the calculation requirements from VM-21 in the 2019 NAIC Valuation Manual for the same in-force contracts, and ................
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