• Performs analysis of Life reinsurance contracts, reviews reinsurance related to risk transfer and transfer of in-force blocks of business.
• Performs Reserve Risk analysis for financial examinations of life insurance companies.
• Reviews the Appointed Actuary Annual Statement of Actuarial Opinion on reserves, and the associated actuarial memorandums.
• Performs analysis of Principal Based Reserves submitted by Life insurers.
• Determines adequate life insurance reserves as specified by law.
• Develop conclusions regarding the statutory compliance of a company’s reserves and reserving practices.
• Inspect reserves of all domestic companies to assure soundness and compliance with statutory minimums.
• Reviews Life company form filings, Life illustrations, Index Linked Variable Annuity Non-Forfeiture standards in filings.
• Participate on committees, task forces and workgroups at the National Association of Insurance Commissioners (NAIC) as requested.
• Provides input in the promulgation of Nebraska rules and proposed legislation.