Basics of Filing Series: Displaying Current Values on Product Forms
To facilitate review efficiency and quicker time to approval for individual life and individual annuity product filings, filers should include current values related to the product on the specification pages only and not in the explanation of variability or actuarial memorandum. The statement of variability and actuarial memorandum should reflect reasonable and realistic ranges for each element or value reflected on the specification page. The current values displayed on the specification page should fall within those ranges and if not, please make the necessary revisions for accuracy in order to avoid the issuance of compliance issues.
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