Sources#

Source ids, titles, publishers, URLs, access dates and retrieval markers are carried over verbatim from _research/deferred-income-annuity.md (the citation ground truth for [S#]/[R#] tags). Ids are never renumbered. Sources in the research file that are not cited in product-spec.md or technical-notes.md are omitted (dropped here: S7, NYL official fact sheet, failed fetch; S10, Brighthouse QLAC brochure, failed fetch; R17, IRS PLR 201515001, retrieved but found not relevant to DIAs and unused in the research file itself). No new sources were fetched at drafting; nothing is marked “added at drafting.”

Added 2026-08-06 — three cross-product entries. REG-R151 (AG 33), REG-R153 (A-820 with A-821 and A-822) and REG-R154 (A-830) were added after the NAIC Accounting Practices and Procedures Manual, As of March 2026 was found to be a free download rather than the paid publication this library had recorded, and were read in full from it. Their metadata is carried from references/regulatory-and-actuarial-references.md, the citation ground truth for R150–R157. Nothing is renumbered: the frozen REG-R39 (“AG 33 text not retrieved”) and REG-R110 (“A-820 and A-830 were not retrieved”) entries below are preserved exactly as written and carry appended supersession notes rather than edits. REG-R39 is now cited by neither document in this directory and is retained anyway, on the principle that a superseded record is evidence, not clutter — the same treatment references/regulatory-and-actuarial-references.md gives it.

Access date for all citations: 2026-08-04, except REG-R151, REG-R153 and REG-R154, accessed 2026-08-06.

Primary product sources [S#]#

S1. New York Life Insurance and Annuity Corporation (NYLIAC) — “New York Life Guaranteed Future Income Annuity II — Product Overview”#

  • Publisher: NYLIAC (a Delaware corporation), subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Document distributed by Fidelity Insurance Agency, Inc. (authorized distributor); item numbers 969689.8.0, NYL-DIA-0626, 49695-20; © 2026 FMR LLC.

  • Doc type: consumer product overview / fact sheet (4 pages). Current vintage (June 2026 revision code).

  • URL fetched: https://communications.fidelity.com/fili/dia/nyl/docs/new_york_life_dfia_factsheet.pdf

  • Retrieved: YES (full 4-page PDF text extracted)

  • Policy form: ICC11–P101 in most jurisdictions; 211-P101 in some states; state variations apply.

S2. Massachusetts Mutual Life Insurance Company — “MassMutual RetireEase Choice — A Flexible Premium Deferred Income Annuity” (client guide)#

  • Publisher: Massachusetts Mutual Life Insurance Company, Springfield, MA. Document code AN4325 219  CRN202011-221296; © 2019 MassMutual. PDF hosted on a third-party content CDN (static.contentres.com), but the document itself is MassMutual’s own 32-page client guide.

  • Doc type: detailed client/product guide (32 pages) — the most contractually granular DIA document retrieved.

  • URL fetched: https://s3.amazonaws.com/static.contentres.com/media/documents/cda42ab0-617b-4977-94dc-221106c82e4f.pdf

  • Retrieved: YES (all 32 pages text extracted)

  • Contract forms: FPDIA12 and ICC12-FPDIA12 (in certain states, including North Carolina).

  • VINTAGE CAVEAT carried over: this guide is from 2019 and predates SECURE 1.0/2.0. Its QLAC figures ($130,000 limit, 25%-of-balance limit, RMD age 70½) are superseded — see R1 R2 R3. Its product mechanics remain the most detailed DIA description retrieved and are cited as such. This is the archetype for the representative design.

S3. The Guardian Insurance & Annuity Company, Inc. (GIAC) — “Guardian SecureFuture Income Annuity® — A flexible premium deferred income annuity”#

  • Publisher: The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation, 7 Hanover Square, New York, NY 10004; wholly owned subsidiary of The Guardian Life Insurance Company of America. Document codes 641695.4.0 GSFIA-DIA-0118, 1/15/2018, 1.956733.103 (Fidelity-distributed version). PDF retrieved from a third-party mirror (qlacs.net) after the Fidelity-hosted copy failed.

  • Doc type: consumer fact sheet / brochure (4 pages).

  • URL fetched: https://www.qlacs.net/assets/guardian_dia_factsheet.pdf

  • Retrieved: YES (all 4 pages text extracted)

  • VINTAGE CAVEAT carried over: January 2018 document; references “the required minimum distribution (RMD) age of 70½” throughout — superseded by SECURE 1.0/2.0. Product mechanics still cited; age references flagged.

S4. Pacific Life Insurance Company / Pacific Life & Annuity Company — “PACIFIC SECURE INCOME® — A Fixed, Deferred Income Annuity” (fact sheet)#

  • Publisher: Pacific Life Insurance Company (all states except New York) and Pacific Life & Annuity Company (all states). Document codes 24-299C, FAC0560-01, 2/26 E1127. Official Pacific Life domain.

  • Doc type: producer/consumer fact sheet (6 pages). Current vintage (Feb 2026) — the most up-to-date primary source retrieved.

  • URL fetched: https://www.annuities.pacificlife.com/content/dam/paclife/rsd/annuities/public/pdfs/fact-sheets/pacific-secure-income-fact-sheet.pdf

  • Retrieved: YES (all 6 pages text extracted)

  • Role in this library: the extended case (commutation of the present value of remaining guaranteed payments; the unbundled “Life Only with 100% Return of Purchase Payments Death Benefit” option) and the independent corroboration of the 2026 QLAC premium limit.

S5. Pacific Life — “Pacific Secure Income — Client Guide”#

  • Publisher: Pacific Life. Document codes 24-300A, FAC0555-2401, 11/24 E1127.

  • Doc type: client guide (16 pages).

  • URL fetched: https://www.pacificlife.com/content/dam/paclife/rsd/annuities/public/pdfs/guide/pacific-secure-income-client-guide.pdf

  • Retrieved: YES (16 pages text extracted)

  • Note carried over: the guide does not disclose the interest-rate-adjustment charge formula used for withdrawals — the basis for the std/unverified commutation construction in technical-notes.md.

S6. Fidelity Investments — “Compare Deferred Income Annuities” (cross-insurer comparison table)#

  • Publisher: Fidelity Brokerage Services / Fidelity Insurance Agency (distributor comparison of third-party insurer products).

  • Doc type: web comparison table (secondary/aggregator, but sourced from the insurers’ filed product parameters and useful as a cross-check).

  • URL fetched: https://www.fidelity.com/annuities/deferred-fixed-income-annuities/compare

  • Retrieved: YES

  • Caveat carried over: this is a distributor aggregation. Where it conflicts with an insurer’s own document, the insurer document governs; where it is the only source (USAA Life, Western & Southern), rows are flagged as lower-confidence.

S8. MassMutual — official RetireEase Choice guide on compass.massmutual.com (FAILED FETCH)#

  • URL attempted: https://compass.massmutual.com/api/public/assets/file/bltd738363f5d003651

  • Retrieved: NO — request timed out (60s). A current-vintage MassMutual DIA guide was therefore not obtained; S2 is the 2019 edition. Cited only as the reason for the vintage caveat on the archetype.

S9. Fidelity communications-hosted insurer fact sheets (PARTIAL FAILURE)#

  • URLs attempted: https://communications.fidelity.com/fili/docs/guardian-dia-factsheet.pdf and https://communications.fidelity.com/fili/docs/usaa-dia-factsheet.pdf

  • Retrieved: NO — both returned an HTML interstitial rather than PDF bytes when fetched directly. Guardian content was obtained from a mirror S3; no USAA Life primary document was retrieved (USAA parameters come only from S6). Cited only as the reason the Guardian minimum-deferral conflict could not be resolved.

S11. Guardian brochure on immediateannuities.com (FAILED FETCH)#

  • URL attempted: https://www.immediateannuities.com/annuity-brochures/guardian-securefuture-income-annuity.pdf

  • Retrieved: NO — HTTP 403 Forbidden. Cited only as the second failed route to a current Guardian primary document.

Regulatory and actuarial references [R#] (product research file numbering)#

R1. 26 CFR § 1.401(a)(9)-6(q) — Qualifying longevity annuity contract (current text)#

  • Publisher: U.S. Government (eCFR, current edition), Treasury/IRS.

  • Doc type: codified Treasury Regulation.

  • URL fetched: https://www.ecfr.gov/api/renderer/v1/content/enhanced/current/title-26?chapter=I&subchapter=A&part=1&section=1.401(a)(9)-6 (renders 26 CFR 1.401(a)(9)-6; human-readable equivalent https://www.ecfr.gov/current/title-26/section-1.401(a)(9)-6)

  • Retrieved: YES (full section text extracted)

  • Credit line carried over: [T.D. 9130, 69 FR 33293, June 15, 2004; … T.D. 9673, 79 FR 37639, July 2, 2014; … T.D. 10001, 89 FR 58907, July 19, 2024] — the paragraph (q) QLAC rules were restructured from the old “A-17” Q&A format into paragraph (q) by the July 2024 final regulations R6.

R2. SECURE 2.0 Act of 2022, § 202 (“Qualifying Longevity Annuity Contracts”) — Division T of Pub. L. 117-328#

  • Publisher: U.S. Government Publishing Office (govinfo), enrolled text of Public Law 117-328 (Consolidated Appropriations Act, 2023), Division T = SECURE 2.0 Act of 2022. Statutory note codified at 26 U.S.C. 401 note; text at 136 Stat. 5331–5332.

  • Doc type: enacted federal statute.

  • URL fetched: https://www.govinfo.gov/content/pkg/PLAW-117publ328/html/PLAW-117publ328.htm

  • Retrieved: YES (full text downloaded; § 202 located and read)

  • Caveat carried over: SECURE 2.0’s enactment date (December 29, 2022) is unverified — the statutory text says only “the date of the enactment of this Act”. The derived base-period quarter (July 1, 2022) is confirmed directly by the codified regulation R1 (q)(4)(ii)(A)(1).

R3. IRS Notice 2025-67 — “2026 Amounts Relating to Retirement Plans and IRAs, as Adjusted for Changes in Cost-of-Living”#

  • Publisher: Internal Revenue Service (irs.gov); published in Internal Revenue Bulletin 2025-49.

  • Doc type: IRS notice (annual COLA).

  • URL fetched: https://www.irs.gov/pub/irs-drop/n-25-67.pdf

  • Retrieved: YES

  • Fact carried over verbatim: “The limitation on premiums paid for a qualifying longevity annuity contract under § 1.401(a)(9)-6(q)(2)(ii) remains $210,000.”

R4. 26 CFR § 1.401(a)(9)-5(b)(4) — Exclusion of QLAC value from the account balance#

  • Publisher: eCFR (current edition), Treasury/IRS.

  • URL fetched: https://www.ecfr.gov/api/renderer/v1/content/enhanced/current/title-26?chapter=I&subchapter=A&part=1&section=1.401(a)(9)-5

  • Retrieved: YES

  • Credit line: [… T.D. 9673, 79 FR 37639, July 2, 2014; T.D. 9930, 85 FR 72477, Nov. 12, 2020; T.D. 10001, 89 FR 58907, July 19, 2024].

R5. 26 CFR § 1.408-8(h) — QLACs in the IRA context#

  • Publisher: eCFR (current edition), Treasury/IRS.

  • URL fetched: https://www.ecfr.gov/api/renderer/v1/content/enhanced/current/title-26?chapter=I&subchapter=A&part=1&section=1.408-8

  • Retrieved: YES

  • Credit line: [… T.D. 9673, 79 FR 37642, July 2, 2014; T.D. 10001, 89 FR 58948, July 19, 2024]. Applicability: for RMDs for calendar years beginning on or after January 1, 2025.

R6. T.D. 10001 — “Required Minimum Distributions”, final regulations (Federal Register)#

  • Publisher: Treasury Department / Internal Revenue Service.

  • Doc type: final rule.

  • URL fetched (metadata via Federal Register API): https://www.federalregister.gov/documents/2024/07/19/2024-14542/required-minimum-distributions

  • Retrieved: YES (metadata; full preamble not read — carried-over caveat: any statement about why Treasury drafted a particular QLAC provision would be unsupported). Document number 2024-14542; citation 89 FR 58886; published July 19, 2024; effective September 17, 2024.

R7. T.D. 9673 — “Longevity Annuity Contracts”, final regulations (the original 2014 QLAC rule)#

  • Publisher: Treasury Department / Internal Revenue Service.

  • URL fetched (metadata via Federal Register API): https://www.federalregister.gov/documents/2014/07/02/2014-15524/longevity-annuity-contracts

  • Retrieved: YES (metadata). Document number 2014-15524; citation 79 FR 37633; published July 2, 2014.

R8. Internal Revenue Code § 72 — Annuities; certain proceeds of endowment and life insurance contracts#

  • Publisher: Cornell Legal Information Institute (LII) rendering of 26 U.S.C. § 72.

  • URL fetched: https://www.law.cornell.edu/uscode/text/26/72

  • Retrieved: YES (key subsections read; full section is long)

R9. NAIC — Valuation Manual, January 1, 2026 edition#

  • Publisher: National Association of Insurance Commissioners.

  • Doc type: statutory valuation manual (457 pages).

  • URL fetched: https://content.naic.org/sites/default/files/pbr_data_valuation_manual_current_edition.pdf

  • Retrieved: YES (full 457-page text extracted and searched directly)

  • Sections used: VM-01 (DIA definition); VM-22 §§2.B, 3.A, 3.F.1.a and the Section 6 standard-projection tables (mortality, Table 6.8, maintenance expense Table 6.1, lapse, annuitization); VM-M §1.J (2012 IAR); VM-V §1 (income annuities, Valuation Rate Buckets, premium determination date, prescribed portfolio).

  • Caveats carried over: VM-22 Table 6.8 was captured only through attained age 79; the seven-basis-point expense provision was truncated at a page break, so the exact present-value base for contracts without an account value is not quoted.

R10. NAIC — Standard Nonforfeiture Law for Individual Deferred Annuities (Model #805), Fall 2020 edition#

  • Publisher: National Association of Insurance Commissioners.

  • URL fetched: https://content.naic.org/sites/default/files/model-law-805.pdf

  • Retrieved: YES (all 5 pages)

  • Caveat carried over: Section 4.B (the nonforfeiture interest rate definition) and the balance of Section 4.A(1)(c)–(d) were not captured in this extract; the well-known “5-year CMT minus 125 bp” formulation and its floor are therefore unverified in this file. The cross-product entry REG-R42 read Sections 1–8 in full and settles the floor at 15 basis points, which is the figure used in product-spec.md.

R11. NAIC — Annuity Disclosure Model Regulation (Model #245)#

  • Publisher: National Association of Insurance Commissioners (© 2015 edition of the model text within the Fall compendium).

  • URL fetched: https://content.naic.org/sites/default/files/model-law-245.pdf

  • Retrieved: YES (40 pages)

  • Caveat carried over: the Section 3.A characterisation (a non-participating DIA has no non-guaranteed elements and is therefore exempt) is a direct reading of the retrieved text; whether individual states apply it the same way to DIAs was not verified.

R12. NAIC — Variable Annuity Model Regulation (Model #250)#

  • Publisher: National Association of Insurance Commissioners (October 2007 edition).

  • URL fetched: https://content.naic.org/sites/default/files/model-law-250.pdf

  • Retrieved: YES

  • Role: identifies the mis-numbering — Model #250 is the Variable Annuity Model Regulation, not an annuity disclosure regulation, and does not apply to a general-account DIA. The disclosure model is #245 R11.

R13. IIPRC — “Individual Deferred Paid-Up Non-Variable Annuity Contract Standards (Commonly Marketed as Deferred Income Annuities or Longevity Annuities)”, IIPRC-A02-I-LONG#

  • Publisher: Interstate Insurance Product Regulation Commission (Insurance Compact).

  • Doc type: adopted uniform product standard (26 pages). The single most contractually precise DIA reference retrieved, and the contractual-language authority throughout this library, no DIA specimen contract having been located.

  • URL fetched: https://www.insurancecompact.org/sites/default/files/2022-12/171120_ind_def_pu_non_var_ann_long_stds.pdf (record page: https://www.insurancecompact.org/standards/record-adopted-standards/individual-deferred-paid-non-variable-annuity-contract-standards)

  • Retrieved: YES (all 26 pages)

  • Dates: Adopted August 5, 2017; Effective November 20, 2017; amends standards originally adopted October 17, 2010; amendments apply only to new filings received after the effective date.

R14. American Academy of Actuaries / SOA Payout Annuity Table Team — “Payout Annuity Report” (September 28, 2011)#

  • Publisher: American Academy of Actuaries (report prepared by the Joint Academy/SOA Payout Annuity Table Team at the request of the NAIC Life Actuarial (A) Task Force).

  • URL fetched: https://www.actuary.org/wp-content/uploads/2017/11/Payout_Annuity_Report_09-28-11.pdf

  • Retrieved: YES (36 pages)

R15. SOA Research Institute & LIMRA — “2020-24 Payout Annuity Experience Study” (Study Highlights), © 2026#

  • Publisher: Society of Actuaries Research Institute (with LIMRA).

  • URL fetched: https://www.soa.org/globalassets/assets/files/resources/research-report/2026/2020-24-payout-annuity-exp-study.pdf

  • Retrieved: YES (5-page Study Highlights document; the full results are behind the SOA “Experience Studies Pro” subscription)

  • Fact of first importance here, carried over verbatim: “The study includes immediate annuities, deferred income annuities, settlement options, and annuitizations of life insurance and annuity death claims.”

  • Caveat carried over: no A/E ratios or DIA-specific mortality results are quoted — only the highlights were retrieved.

R16. SOA — “2012 Individual Annuity Reserving Report & Table” (resource page)#

  • Publisher: Society of Actuaries.

  • URL fetched: https://www.soa.org/resources/experience-studies/2011/2012-ind-annuity-reserving-rpt/

  • Retrieved: YES (page content; no date stated on the page for the report itself)

  • Role here: it identifies http://mort.soa.org/ as the machine-readable source for the 2012 IAM Period, 2012 IAM Basic and Scale G2 tables. Caveat carried over: those numerical tables were not downloaded, which is why the worked example in technical-notes.md uses illustrative std survival and annuity factors rather than table lookups.

Cross-product regulatory references [REG-R#]#

These are cited with the [REG-R#] prefix to avoid collision with the product research file’s own R-numbering. They resolve against the curated page references/regulatory-and-actuarial-references.md, whose shared numbering space runs R1–R157 and is one space, not several, with most of the R73–R149 block unused (the gaps are not losses and must not be back-filled):

  • R1–R34 are of life origin; research provenance _research/regulatory-actuarial.md. Several of them also bind annuity models and are listed as such in the annuity bibliography’s “Existing entries (R1–R34) that also bind annuity models” table.

  • R35–R72 are annuity-specific; research provenance _research/regulatory-actuarial-annuities.md, which opens the continuation of the same numbering space at R35.

  • R150–R157 are the AP&P Manual appendix and actuarial-guideline prints read on 2026-08-06; per-entry bibliography at references/regulatory-and-actuarial-references.md, research provenance _research/appp-ag33.md (R151), _research/appp-a820-a821-a822.md (R153) and _research/appp-a830.md (R154). Cited here by technical-notes.md and by the “Regulatory context” paragraphs of product-spec.md; the three entries are reproduced below.

Entries cited by the two documents in this directory (retrieval status as recorded in the originating research file, access date 2026-08-04):

Tag

Short title

Half

Retrieval status

REG-R16

26 U.S.C. § 807 — tax reserves

R1–R34 (life file)

fetched

REG-R26

ASOP No. 2 — Nonguaranteed Elements for Life Insurance and Annuity Products

R1–R34

fetched

REG-R27

ASOP No. 7 — Life or Health Cash Flow Analysis

R1–R34

fetched

REG-R29

ASOP No. 22 — Opinions Based on Asset Adequacy Analysis

R1–R34

fetched

REG-R31

ASOP No. 52 — PBR for Life Products under the Valuation Manual (cited to show it does not cover VM-22)

R1–R34

fetched

REG-R32

ASOP No. 56 — Modeling

R1–R34

fetched

REG-R34

FASB ASU 2018-12 (LDTI)

R1–R34

fetched

REG-R35

VM-21 — PBR for Variable Annuities (cited to show it does not apply)

R35–R72 (annuity file)

fetched (local text extraction)

REG-R36

VM-22 — PBR for Non-Variable Annuities

R35–R72

fetched (local text extraction)

REG-R37

VM-V Section 1 — Income Annuities (statutory maximum valuation interest rates)

R35–R72

fetched (local text extraction)

REG-R41

VM-C — Appendix C index of incorporated actuarial guidelines

R35–R72

fetched (local text extraction)

REG-R42

Standard Nonforfeiture Law for Individual Deferred Annuities (Model #805) — full Sections 1–8, source of the 15 bp floor correction

R35–R72

fetched (local text extraction)

REG-R43

Variable Annuity Model Regulation (Model #250) — the numbering correction

R35–R72

fetched (local text extraction)

REG-R44

Actuarial Guideline LIV (AG 54) — cited only to name the “interim value” concept a DIA does not have

R35–R72

fetched (local text extraction, complete)

REG-R45

Annuity Disclosure Model Regulation (Model #245)

R35–R72

fetched (local text extraction)

REG-R46

Suitability in Annuity Transactions Model Regulation (Model #275)

R35–R72

fetched (local text extraction)

REG-R49

SEC Release 33-11294 — registration for index-linked and registered MVA annuities (contrast case)

R35–R72

fetched via govinfo; sec.gov PDF returned 403

REG-R52

SEC Form N-4 (contrast case)

R35–R72

not fetched (sec.gov 403)

REG-R53

CRS Report R40656 — SEC Rule 151A and Annuities (why fixed annuities are not registered securities)

R35–R72

fetched

REG-R55

26 U.S.C. § 72 — Annuities (same statute as R8 above)

R35–R72

fetched

REG-R56

26 U.S.C. § 1035 — exchanges

R35–R72

fetched

REG-R57

26 C.F.R. § 1.401(a)(9)-6 — QLAC rules (same regulation as R1 above, LII rendering)

R35–R72

fetched

REG-R58

T.D. 10001 — RMD final regulations implementing SECURE 2.0 § 202 (same T.D. as R6 above, govinfo full text)

R35–R72

fetched via govinfo

REG-R59

Model #821 + VM-M §§1.I–1.M, 2.C — annuity valuation mortality (2012 IAR, 2012 IAM Period/Basic, Scale G2)

R35–R72

fetched (local text extraction, both)

REG-R60

2012 IAR development report (Payout Annuity Table Team; same report as R14 above)

R35–R72

fetched (local text extraction)

REG-R61

2020–2024 Individual Payout Annuity Mortality Experience Study (landing page; highlights PDF fetched as R15 above)

R35–R72

fetched (landing page)

REG-R65

SOA Individual Annuity Experience Studies index — the only route to the deferred-period mortality sources (2011–2015 deferred annuity mortality; 2006 deferred-period analysis)

R35–R72

fetched

REG-R70

ASOP No. 54 — Pricing of Life Insurance and Annuity Products

R35–R72

fetched

REG-R71

ASOP No. 10 — U.S. GAAP for Long-Duration Life, Annuity, and Health Products (Doc. No. 207)

R35–R72

fetched (local text extraction)

Cross-product note carried over from the annuity bibliography — the numbers below are cross-product numbers, i.e. [REG-R#] in this directory, not the product-local [R#] above: for the deferred-income-annuity product the binding new entries are R36, R37, R41, R59, R60, R61, R55, R56, R57, R58, R70, R71, plus the existing entries R1, R3, R16, R27, R29, R32, R33, R34 [_research/regulatory-actuarial-annuities.md, cross-reference table]. (Cross-product R1, R3, R33 are cited by neither document in this directory, so they carry no [REG-R#] row in the table above.)

Superseded entries kept as frozen records#

The two entries below are preserved exactly as written and carry appended supersession notes rather than edits; ids, titles, publishers, URLs, access dates and fetched markers are carried from references/regulatory-and-actuarial-references.md. Nothing is renumbered and nothing is re-worded. Read every heading as a cross-product id, i.e. [REG-R#] in this directory, never the product-local [R#] of the section above.

REG-R39. Actuarial Guideline XXXIII — Determining CARVM Reserves for Annuity Contracts With Elective Benefits (AG 33)#

  • Publisher: NAIC

  • URL: none — no free official standalone text was located. Title and current status verified from the Valuation Manual’s VM-C index (page C-1) R41; the authoritative text is in the AP&P Manual Appendix C.

  • Accessed: 2026-08-04 (search date; guideline text not retrieved)

  • Fetched: no. Neither document in this directory quotes AG 33 mechanics, and both say so at the point of use.

  • Superseded in fact by R151 (below), the guideline as printed in the AP&P Manual and read in full on 2026-08-06. The three lines above are preserved verbatim as the record of what was true when they were written; the statement that neither document quotes AG 33 mechanics no longer holds — product-spec.md’s Formulaic CARVM — Appendix A-820 and Actuarial Guideline XXXIII paragraph now does. R39 is frozen and is not edited.

REG-R110. VM-A: Appendix A — Requirements (Valuation Manual, Jan. 1, 2026 Edition)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/pbr_data_valuation_manual_current_edition.pdf (pages A-1 to A-2; same document as R3)

  • Accessed: 2026-08-04

  • Fetched: yes (local text extraction; the complete two-page index read)

  • Limit carried forward: VM-A is an index, not a text. The requirements it indexes — above all A-820 (minimum life and annuity reserve standards) and A-830 (valuation of life insurance policies) — live in AP&P Appendix A and were not retrieved, because the reserves stream worked under R33’s “paid publication” assumption. Formulaic CRVM detail in this directory therefore rests on the Standard Valuation Law itself (R1) and Model #830 (R6).

  • Superseded in fact for the two items this directory relies on, the sentence above being preserved verbatim as the record of what was true when it was written. A-820 is now R153 and A-830 is now R154, both read in full from the same free As of March 2026 download on 2026-08-06. A-270, A-791, A-812, A-815, VM-A-814 and A-817 are still unretrieved, and A-270 — although extracted alongside A-585 — has no reference id assigned and is therefore not citable. R110 is frozen and is not edited.

Entries added 2026-08-06 from the AP&P Manual appendix and guideline prints#

Ids, titles, publishers, URLs, access dates, fetched markers and carried-forward limits below are reproduced from references/regulatory-and-actuarial-references.md, including the internal cross-references they make to ids not listed in this directory (R1, R5, R6, R33, R39, R41, R73, R101, R102, R110), which resolve against that shared reference page. Nothing is renumbered and nothing is re-worded. Read every heading as a cross-product id, i.e. [REG-R#] here, never the product-local [R#].

One physical document behind R151–R157. All seven are appendix items of the NAIC Accounting Practices and Procedures Manual, As of March 2026 — the same 2,117-page consolidated PDF already catalogued as R73, a free download from content.naic.org (catalogue entry “APPM-2026 … Free Download” on https://content.naic.org/publications; file https://content.naic.org/sites/default/files/publication-app-manual.pdf). They take appendix-level ids rather than being folded into R73 so a document can cite A-820 ¶15 or AG 33 Text 4 instead of a 2,117-page manual. Each was read by local text extraction from that download. Only R151, R153 and R154 are cited in this directory; R152 (AG 35), R155 (A-585), R156 (A-250) and R157 (A-255) reach no DIA and carry no row here.

Edition line. None of these items prints “As of March 2026” on its own pages. Every extracted page carries only the footer “© 1999-2026 National Association of Insurance Commissioners”, which is a copyright span, not an adoption, effective or revision date for any of these instruments and must never be cited as one. The “As of March 2026” designation is the manual’s own front matter, recorded at R73.

Licence caution, inherited from R73. Personal and non-commercial use; redistribution or integration “into any software or other publication” requires written NAIC permission. Both documents in this directory paraphrase the mechanics and cite the paragraph, section or block, and quote only short anchors.

A-270 (Variable Life Insurance) was extracted alongside A-585 at printed pages A270-1 to A270-3 = PDF pages 1097–1099, but the extraction assigned it no reference id. It is referred to descriptively where it comes up at all and is never cited as a [REG-R#].

REG-R151. Actuarial Guideline XXXIII — Determining CARVM Reserves for Annuity Contracts With Elective Benefits (AG 33), as printed in the AP&P Manual#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/publication-app-manual.pdf — Appendix C — Actuarial Guidelines; printed pages AG33-1 to AG33-8 = PDF pages 1496–1503; same physical document as R73

  • Accessed: 2026-08-06

  • Fetched: yes (local text extraction; all eight printed pages read in full — Background Information, Purpose, Definitions, Text 1–7 and Effective Date)

  • Limits carried forward from _research/appp-ag33.md: the running heads confirm Appendix C, but these pages carry no volume statement — the Volume II placement is R73’s record, not theirs. They carry no amendment history, no adoption note and no revision log, so the guideline’s printed Effective Date of 31 December 1998 cannot be reconciled here against the 31 December 1995 date the library carries from IRS Rev. Rul. 2002-6 for a differently-titled instrument; both are recorded and neither is presented as settled. AG 33 contains no formulas, symbols, tables or factors beyond the 7% expense allowance and the 1998–2000 phase-in percentages, and names no other guideline anywhere — not AG 35, not AG 43. Cite by block (Background / Definitions / Text), since all three restart at 1. Spurious intra-word spaces at justified-line breaks are text-layer artefacts and were closed up in the research file’s quotations.

  • Supersedes in fact: R39 (“guideline text not retrieved”), which is frozen and is preserved unaltered above.

REG-R153. Appendix A-820 — Minimum Life and Annuity Reserve Standards (with Appendix A-821, Annuity Mortality Table for Use in Determining Reserve Liabilities for Annuities, and Appendix A-822, Asset Adequacy Analysis Requirements)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/publication-app-manual.pdf — Volume I, Appendix A — Excerpts of NAIC Model Laws; A-820 printed A820-1 to A820-13 = PDF pages 1186–1198, A-821 printed A821-1 to A821-6 = PDF pages 1199–1204, A-822 printed A822-1 = PDF page 1205; same physical document as R73

  • Accessed: 2026-08-06

  • Fetched: yes (local text extraction; A-820 ¶¶1–28 read in full, A-821 read in full including the 2012 IAM Period Table and Projection Scale G2 printed at its Appendices I–IV, and A-822’s four paragraphs read in full)

  • Limits carried forward from _research/appp-a820-a821-a822.md: “As of March 2026” is not printed on PDF pp. 1186–1205 — cite the copyright footer for what those pages print. A-821 prints only the 2012 IAM Period Table and Projection Scale G2; the 1994 GAR table and its AA_x factors, the Annuity 2000 table and 1983 Table “a” are named and not printed, so A-821 ¶16 is not computable from library sources, and no standard is printed for individual annuities issued before 1 January 2001. A-820 names its life mortality tables without printing them and the 2017 CSO is nowhere in its text. Three text-layer repairs are recorded in the research file rather than hidden: the lost fraction bar at ¶7.a.i(a) (the term is (W/2)·(R2 − .09)), the lost R1/R2 subscripts, and the ¶8.c weighting-factor tables, which were reassembled by column position from a scrambled layer. Two internal oddities are recorded as printed and not reconciled: ¶22’s empty window and ¶7’s “effective date of the Codification”, a threshold whose date A-820 never prints. Naming trap: AP&P Appendix A-822 is not NAIC Model #822 (R101/R102) — A-820’s own header does not list Model #820 while A-822’s does.

  • Supersedes in fact: the A-820 half of R110’s limit (“A-820 and A-830 as printed in the AP&P Manual were not retrieved”), and, for the paragraphs it carries, the reliance on R1 and R6 alone. R110 is frozen and is preserved unaltered above.

REG-R154. Appendix A-830 — Valuation of Life Insurance Policies (Including the Introduction and Use of New Select Mortality Factors)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/publication-app-manual.pdf — Volume I, Appendix A — Excerpts of NAIC Model Laws; printed pages A830-1 to A830-27 = PDF pages 1206–1232 — operative text A830-1 to A830-14 (PDF 1206–1219), the Attachment heading and explanatory note at A830-15 (PDF 1220), and the six select-mortality-factor tables at A830-16 to A830-27 (PDF 1221–1232); same physical document as R73

  • Accessed: 2026-08-06

  • Fetched: yes (local text extraction; ¶¶1–32 and the Attachment read in full; the six factor tables transcribed programmatically, each parsing to 71 issue-age rows × 20 duration columns)

  • Limits carried forward from _research/appp-a830.md: the appendix is a flat sequence of paragraphs ¶¶1–32 plus an unnumbered Attachment and has no Sections at all, so a “Model 830 Section 7” citation does not resolve against this print — the ULSG material is at ¶¶29–32 — and the words “Model #830” and “Regulation XXX” appear nowhere in it. It prints no calendar effective date for itself: “the effective date of this appendix” is an unresolved placeholder used eleven times, and the only calendar dates printed anywhere are the 1 January 2004 cutover to the 2001 CSO. There is no worked numerical example in it, no AG 38 content, no prescribed X value, and no annuity content. Its ¶17 X-factor cross-reference is garbled in the print and is flagged rather than resolved, as is ¶32.b’s unnamed “other appendices governing universal life plans”. The transcribed factor tables were not checked against an independent copy and are not reproduced in this directory.

  • Supersedes in fact: the A-830 half of R110’s limit, and the second-hand reliance on Model #830 (R6) for the segmented/unitary construction. R6 and R110 are frozen and unaltered.

  • Why a life-side appendix is cited in a DIA directory: for its verified negative. A-830 carries no annuity content, which is what makes the Exhibit 5 deficiency-reserve line with its Actuarial Guideline I / A-830 apparatus a life-side item rather than a DIA item. That is the only use made of it here.

Provenance note#

Extraction details live in _research/deferred-income-annuity.md: that file records which facts came from which source, the unverified flags, the failed fetches (S7–S11), the source-vintage caveats (MassMutual 2019 S2 S8, Guardian January 2018 S3 S9 S11, with NYL June 2026 S1 and Pacific Life February 2026 S4 the current-vintage primary sources — the research file’s own S4 header calls it “the most up-to-date primary source retrieved”, which its S1 header (June 2026 revision code) does not support), the distributor-mirror hosting caveat for S1 and S3, and the four regulatory corrections this library follows rather than repeating the common misconceptions:

  1. Model #250 is the Variable Annuity Model Regulation, not the Annuity Disclosure Model Regulation — the disclosure model is #245 R11 R12 REG-R43 REG-R45.

  2. The QLAC rules live in Treas. Reg. § 1.401(a)(9)-6(q), not in “A-17” — T.D. 10001 restructured them out of the Q&A format on July 19, 2024 R1 R6 REG-R58.

  3. The 25%-of-account-balance QLAC premium limit no longer exists — SECURE 2.0 § 202 directed its elimination and the codified text has only a dollar limitation R1 R2 REG-R58.

  4. The Model #805 indexed nonforfeiture rate floor is 15 basis points, not 1% — the DIA research file’s own extract did not capture Section 4.B and therefore left the “floored at 1%” formulation unverified R10; the fully fetched text in the cross-product bibliography settles it at 0.15% REG-R42.

  5. AG 33’s printed title is “Determining CARVM Reserves for Annuity Contracts With Elective Benefits”, and its printed effective date is December 31, 1998 — not the title or the December 31, 1995 date the library carries elsewhere from IRS Rev. Rul. 2002-6. The AP&P print’s Effective Date block reaches “all contracts issued on or after January 1, 1981”, which both records agree on; the date conflict itself is unresolved — the extracted pages carry no amendment history — and this directory records both rather than swapping one for the other REG-R151. Two related mis-statements the library declines to repeat: nursing home benefits are non-elective under AG 33’s Definitions 1, and “efficient policyholder selection” is not AG 33’s language and appears nowhere in the guideline REG-R151.

The cross-product bibliographies _research/regulatory-actuarial.md (R1–R34) and _research/regulatory-actuarial-annuities.md (R35–R72) play the same role for [REG-R#] tags; for REG-R151, REG-R153 and REG-R154 the research provenance is _research/appp-ag33.md, _research/appp-a820-a821-a822.md and _research/appp-a830.md respectively, and where one of those files and a document in this directory disagree, the research file governs. Income-phase mechanics are specified in products/immediate_annuity/, whose research provenance is _research/immediate-annuity.md. Standardizations marked std in product-spec.md and technical-notes.md are introduced at drafting and are not attributable to any source.

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