Public Policy Comments and Letters

Pension Accounting Committee letter to the Financial Accounting Standards Board (FASB) about a FASB project to reconsider pension and other post-retirement benefit accounting. (August 18, 2005)
Extreme Events Committee comments on a Treasury Department study of TRIA, the Terrorism Risk Insurance Act. (August 2, 2005)
Federal Health Committee letter in response to HR 2355, the Health Care Choice Act of 2005, which contained language that would allow a non-actuary to offer statements of opinions on reserves. The letter recommended only a member of the Academy be permitted to provide such an opinion. (July 19, 2005)
Academy follow-up letter to GAO on the role of actuaries in insurance. (June 6, 2005)
Universal Life Work Group draft framework for principle-based life reserve valuation (Main report with hyperlinks to several other documents). (June 1, 2005)
Life Risk Based Capital Working Group status report on the Modco project. (June 1, 2005)
Academy letter to Sen. Ted Kennedy responding to questions related to Academy testimony on Pension Benefit Guaranty Corporation (PBGC) reform. (May 31, 2005)
Committee on Property and Liability Financial Reporting comments in response to a draft "Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves" issued by the Casualty Actuarial Society's Task Force on Reserving Principles. (May 30, 2005)
Letter to the NAIC from the LTC Experience Forms Subgroup on proposed LTC loss experience exhibit forms (Forms 1, 2, and 3) along with the proposed instructions. This was updated in August 2005 in a subsequent letter to NAIC. (May 20, 2005)
Pension Committee letter to the Internal Revenue Service (IRS) suggesting refinements to the relative value regulations. (May 10, 2005)
Pension Committee letter to the Internal Revenue Service (IRS) about revisions to IRS Circular 230 and its application to actuarial work. (May 9, 2005)
Committee on Federal Health Issues comment letter on Coverage and Reimbursement of Genetic Tests and Services, a report of the Secretary’s Advisory Committee on Genetics, Health, and Society, and raises issues pertaining to genetic testing in general, health insurance markets, cost effectiveness data, and the Medicare and Medicaid programs. (May 5, 2005)
Multiemployer Plans Task Force letter to the Internal Revenue Service (IRS) expressing concerns about the IRS position on crediting contributions for multiemployer pension plans. (March 22, 2005)
Committee on Property and Liability Financial Reporting comment letter offering suggestions for insurers writing workers' comp coverage in California. (March 21, 2005)
Medical Malpractice Insurance Subcommittee letter to members of the House Energy and Commerce Health Subcommittee in response to its request for additional information on medical malpractice liability reform. (March 14, 2005)
Multiemployer Plans Task Force comment letter to the Department of Labor regarding proposed regulations for the annual funding notice for multiemployer pension plans. (March 7, 2005)
Letter offers the Academy as a resource on health care issues and shares some recent publications on key issues including Medicare and the uninsured. (March 4, 2005)
Extreme Events Committee comment letter to the National Conference of Insurance Legislators summarizing the current state of the U.S. catastrophe insurance marketplace. (March 3, 2005)
Academy comment letter recommending to Congress that individuals serving in the positions of SSA and CMS chief actuary be members in good standing of the American Academy of Actuaries. (March 3, 2005)
Medical Malpractice Subcommittee follow-up comments supplementing testimony from a House subcommittee hearing on medical malpractice liability reform. (February 22, 2005)