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SVM (PRE (Type of product, past practice, marketing material, manner in…
SVM (PRE (Type of product, past practice, marketing material, manner in which benefits are quoted, In the calculation of the liabilities, account needs to be taken of those expectations that in the Statutory Actuary’s opinion should influence the long-term insurer when deciding on future distributions of surplus., PH expect obligations to be met and benefits to be paid, PH holding Smoothed bonus products expect to participate in smoothed investment return, PH holding market related products expect to see market a related linked value , Holders of smoothed bonus or WP products expect to see investment return and participation in other profits), Basis / Assumptions, Liabilities, Other issues, CAR (CAR as in BN 14 of 2010, Purpose), Assets, Negative reserves are zeroised (there must exist a positive reserve against which a negative reserve can be offset))