Valuations
Master Series
Our Master series calculates statutory, tax, FAS 60 GAAP and Purchase GAAP valuations including all riders and supplemental benefits. It delivers accurate seriatim output, by policy, for all lines of business. PolySystems maintains the software for continued compliance as regulations change.
Key features include:
- Computations made from first principles;
- Support for all rider types and supplemental benefits;
- Accurate valuations on a seriatim VMF sorted by policy number;
- Statutory, tax and GAAP including FAS 60 and Limited Pay FAS 97;
- Minimum reserves, gross premium valuations, value added studies, embedded values;
- Due, deferred, advance and unearned premium processing;
- Virtually all policy types supported;
- Support for: XXX, AXXX, NY 147, NY 151, AG 33, AG 34, 9A, 9B;
- Prospective reserving supported for health insurance products;
- EITF 92-9 supported for purchase GAAP.
To view excerpts from our system manuals, click the links below: