CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006 Ÿ Les 29 et 30 juin 2006 Ottawa, Ontario VAL-1 CICA 3855

CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA Guidance from CLIFR on Section 3855 Educational note Revisions to existing guidance notes VAL-1 CICA 3855

CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA Educational note “CALM Implications of AcSB Section 3855 Financial Instruments – Recognition and Measurement” (number 206077) published June 2006 discusses the impact of accounting changes on valuation includes discussion of the various classification options available input from ASB, Committee on AA/VA, OSFI VAL-1 CICA 3855

CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA Revisions to existing guidance Reviewed and not changed 202025 CSOP General Standards 202069 CSOP Practice Specific Standards for Insurers 205007 Margin for Adverse Deviations 9496 Communication between the Actuary and the Auditor VAL-1 CICA 3855

CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA Revision to existing guidance Recommended changes to 202012 Segregated Fund Investment Guarantees 204054 Approximations to CALM 205004 Best Estimate Assumptions for Expenses VAL-1 CICA 3855

CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA Revision to existing guidance Guidance to come on 202065 Future Income and Alternative Taxes if CRA comes out with changes to tax rules VAL-1 CICA 3855

CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA Revisions to existing guidance further revisions to CALM Approximations note building on Town Hall rollforward discussions Town Hall presentations available on CIA website upcoming guidance in note on Actuarial Judgement to address term of liability zero issues VAL-1 CICA 3855