The VM-22 (A) Subgroup is requesting comments on the question of whether to include Guaranteed Investment Contracts (GICs), Synthetic Guaranteed Investment Contracts (SGICs), Funding Agreements, and Stable Value Contracts in the scope of VM-22 (the Exposure).
RRC appreciates the opportunity to offer our comments on the inclusion of these items in VM-22. Should you have any questions, we would be glad to discuss our comments with you and Task Force members.
RRC Comments Regarding GIC Funding Agreements and Stable Value Contracts in Scope of VM-22
Authored by: Lynn Manchester, Director, Veronika Cooper, Consulting Actuary
The VM-22 (A) Subgroup is requesting comments on the question of whether to include Guaranteed Investment Contracts (GICs), Synthetic Guaranteed Investment Contracts (SGICs), Funding Agreements, and Stable Value Contracts in the scope of VM-22 (the Exposure).
RRC appreciates the opportunity to offer our comments on the inclusion of these items in VM-22. Should you have any questions, we would be glad to discuss our comments with you and Task Force members.