Actuarial Guideline XXXIII (AG33) applied to annuities may result in a reduced statutory reserve when a contract contains both non-elective. ACTUARIAL GUIDELINE XXXIII DETERMINING CARVM RESERVES FOR ANNUITY CONTRACTS WITH ELECTIVE BENEFITS AG 33 Modifications for Non-Elective Incidence Rates. In March 1995, the NAIC published Actuarial Guideline XXXIII (“AG 33”), which was “effective on December 31, 1995, affecting all contracts issued on orê This evolved and the humorous irony of this is that my paper ended up being a study note for the actuarial exam. Here we have all these actuaries apparently The American Academy of Actuaries Annuity Reserves and Capital Work Group (ARCWG) with Actuarial Guideline XXXIII (AG33) methodology with type A, B, In particular, Actuarial Guideline 34 is oriented toward variable annuities and prescribes methods to be CARVM and NAIC Actuarial Guidelines 33 & 34.
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