Office of Insurance Product Regulation Data Calls
Property & Casualty
Accident and Health
Life and Fraternals
Principle-Based Reserves (PBR): On June 14, 2023, the Governor signed Act 2 of 2023 into law (40 Pa.C.S. § 7143). This law gives the Insurance Commissioner the authority to adopt the exemption provisions of the NAIC Valuation Manual. A Notice was published in the PA Bulletin adopting the exemption provisions outlined in the January 1, 2024 edition of the NAIC Valuation Manual. As such, a company need not file a renewed request for exemption if it satisfies the conditions of Part II, Subsection 1:G of the Valuation Manual. Please direct all questions to your assigned analyst. For additional details, view the Adoption of Standards for Exemption - Notice 2023-19.
Valuation filing instructions can be found by visiting the
Financial Filing Requirements page, selecting your licensed company type, and looking under the 'Annual Statements' section.