LTC NAIC reserve methodology

My naive understanding is that it's very similar to US GAAP, except you need to do AAT testing.



So, is this right, your base NAIC active reserves for actives lock in at issue (but would be a bit more conservative than US GAAP), your disabled life reserves are on best estimate, and then you do AAT testing and book an additional deficiency reserve if needed.



I'm sure it's not that easy, but high level am I laying out the right pieces?

LTC NAIC reserve methodology