Milliman Model definition

Milliman Model means the actuarial pricing model developed by Milliman (version 8.1.1 or such other subsequent version not objected to by the Agent in its reasonable discretion) that is used to establish the value of the Policies.
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Milliman Model means the actuarial pricing model developed by Milliman (version 8.1.1 or such other subsequent version not objected to by the Agent in its reasonable discretion) that is used to establish the value of the Policies. “Minimum Excess Spread” means 2.00%. 19 “Monthly Period” means, with respect to a Monthly Settlement Date or a Determination Date, the calendar month immediately preceding the month in which such Monthly Settlement Date or Determination Date occurs. “Monthly Settlement Date” means the date that is the 10th day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day. “Moody’s” means Xxxxx’x Investors Service, Inc. or its successor. “Monthly Period” means any calendar month. “Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding five years contributed to by a GWG Party or any ERISA Affiliate on behalf of its employees. “Net Death Benefit” means, with respect to any Policy, as of any date of determination, the death benefit payable under such Policy net of any Policy Loan (and accrued interest) as of such date of determination. “Net Eligible Asset Balance” means, at any time, (i) the Eligible Asset Balance at such time, minus (ii) the Excess Concentration Amount at such time. “Nine-Month Cushion” means, at any time, the amount of the Projected Expenditures for the next succeeding nine (9)
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Examples of Milliman Model in a sentence

  • Milliman Report at 5.24 After making the modifications discussed above, Rector ran the Modified Milliman Model at a 98% confidence level with respect to the 200% RBC-ACL benchmark and an 85% confidence level with respect to 375% RBC-ACL.

  • Id. The probability distribution employed by Rector in the Modified Milliman Model assumed a 90% chance that catastrophic events would have no impact on GHMSI’s surplus, a 7.5% chance that such events would resultin a decrease in surplus equal to 2.5% of non-FEP premium, and a 2.5% chance that such events would decrease surplus by 7.5% of non-FEP premium.

  • The pro forma financial projections used in the Milliman Model start with an average annual investment earnings rate of 3.75% as a baseline assumption.

  • The modifications made by Rector to the Milliman Model resulted in a significant decrease in the projected surplus needs of GHMSI from the surplus recommended by Milliman.

  • Therefore, Rector removed any risk components for these changes.Id. Fourth, the Milliman Model only took into account the requirements of the ACA that were in effect at the time Milliman conducted its analysis, but Milliman increased its recommended surplus range for GHMSI based on a rough estimate of the effects of ACA requirements that would go into effect in the future.

  • Rector Report at 27.Milliman had considered the effect of premium growth in the Milliman Model but did so in a way that Rector believed gave undue weight to the worst possible outcome for this factor.Rector Report at 20.

  • In the Modified Milliman Model, Rector used the same baseline assumption for average annual investment earnings—3.75%—and the same probability distribution for equity portfolio asset values as were used in the Milliman Model.

  • By comparing the deviations in the S&P 500 over a50-year period, Rector was able to validate the assumptions relating to the equity portfolio asset values used in the stochastic portion of the Milliman Model and the reasonableness of the potential for deviation and variation from the equity portion of the average annual investment earnings rate assumption under the pro forma portion of the Milliman Model.

  • Rector’s analysis of the Milliman Model included an analysis of all of the assumptions used in the pro forma income statement and a comparison of GHMSI’s historic financial results to those generated using the pro forma income state to validate the financial projections.

  • We grouped those gains and losses into 3-year segments to match up to the 3-year time period covered by the Modified Milliman Model and calculated standard deviations and related confidence levels based on various ways of aggregating that data: data aggregated for the total period, for the last 10 years, for the last 15 years, and for the last 20 years.

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