CT| Bulletin FS-50, issued by the Connecticut Insurance Department, notifies all insurers writing life, accident and health, and deposit-type contracts that recent changes to the NAIC Valuation Manual related to principle-based reserving will become effective in Connecticut on January 1, 2026, consistent with Conn. Gen. Stat. 38a-78ab(1).
The bulletin explains that on August 13, 2025, 49 of 56 NAIC jurisdictions, including Connecticut and representing more than 75% of applicable 2024 premiums, voted via the NAIC Executive (EX) Committee and Plenary to adopt a package of 15 amendments to the Valuation Manual, with 49 jurisdictions representing 94.67% of applicable premium voting in favor. It further certifies that the statutory conditions for these Valuation Manual changes to become operative in Connecticut have been satisfied, references the 2026 edition of the Valuation Manual available on the NAIC website, and formally establishes January 1, 2026 as the operative date of those amendments for Connecticut.