Under PA's Standard Valuation Law at 40 P.S. § 510.2, which valuation methodology became mandatory for many PA-domiciled life insurers' reserves on covered policies issued on or after January 1, 2017?

Why this is the answer

Pennsylvania, like other states adopting the NAIC Valuation Manual, requires that life insurers apply Principle-Based Reserving for policies issued after the 2017 operative date. PBR uses prescribed plus company-specific assumptions and stochastic modeling rather than purely formulaic CRVM.