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of the Commonwealth of Pennsylvania

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    Life, Accident, Health & Fraternal

    Principle-Based Reserves (PBR)

    On June 14, 2023, the Governor signed Act 2 of 2023 into law (40 Pa.C.S. § 7143).​  This law gives the Insurance Commissioner the authority to adopt the exemption provisions of the NAIC Valuation Manual.  A Notice was published in the PA Bulletin adopting the exemption provisions outlined in the January 1, 2024 edition of the NAIC Valuation Manual.   As such, a company need not file a renewed request for exemption if it satisfies the conditions of Part II, Subsection 1:G of the Valuation Manual. Please direct all questions to your assigned analyst.

    For additional details, view the Adoption of Standards for Exemption - Notice 2023-19.

    Annual Statements

    Audited Financial Reports