| AXIS
Update Information |
| Update
Summary: |
New Available Capital Calculations for MCCSR |
| Update
Type: |
Enhancement
|
| Version
# : |
12402001 (09 Apr 09) |
| Modules
Affected: |
Regular Life , Universal Life , Par Products , Disability , Higher Level |
| Changes
Results: |
No
|
| GGY
Job # |
25332 |
| Detailed
Update Description |
At the cell level, the new table "Negative reserves reduction" has been added to the Required Surplus section. This table can be used to calculate the policy components that reduce the tax-adjusted negative reserve for the required surplus calculation.
At the Subfund, Fund and Office levels, the new option "A% of CV Def and maximum tier limits (2009 method)" and the new scalar "Max negative res reduction" have been added to the Limit on available capital switch in the Required Surplus section. These new fields can be used to calculate Available Capital under the new MCCSR guideline. |
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