Report on Considerations for Application of Principle-Based Reserving to Inforce Blocks from the American Academy of Actuaries’ Life Reserves Work Group Page 1 of 1 Dave Neve, F.S.A., M.A.A.A., Co-Chair Tom Kalmbach, F.S.A., M.A.A.A., Co-Chair Life Reserves Work Group Orlando, FL – March 2006