Public Policy Comments and Letters

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)
Financial Reporting Committee comments to the IAA on its draft Practice Guideline: "Measurement of Investment Contracts and Service Contracts under International Financial Reporting Standards." (February 15, 2005)
Financial Reporting Committee comments to the IAA on its draft Practice Guideline: Current Estimates. (February 15, 2005)
Financial Reporting Committee comments to the IAA on its draft Practice Guideline: "Actuarial Practice When Providing Professional Services to Reporting Entities Concerning Financial Reporting of Insurance Contracts, Financial Instruments, and Service Contracts Under International Financial Reporting Standards." (February 15, 2005)
Pension Practice Council comments to Internal Revenue Service (IRS) regarding proposed regulations on distributions from pension plans under a phased-retirement program. (February 8, 2005)
Multiemployer Plans Task Force letter to Internal Revenue Service (IRS) concerning the delay of amortization relief for multiemployer pension plans under Internal Revenue Code (IRC) Section 412. (January 28, 2005)
Committee on Property and Liability Financial Reporting comments in response to the SEC's Financial Reporting Release requiring tabular disclosure of payments due under P/C liabilities for specified time periods. (January 24, 2005)
Pension Committee comment letter to the Actuarial Standards Board (ASB) on a proposed pension valuation standard. (October 4, 2004)
Actuarial Equivalence Work Group letter to CMS regarding actuarial equivalence issues related to prescription drug plans (PDPs), Medicare Advantage (MA) plans, Medicare supplement plans, and retiree health benefits. (October 4, 2004)
Medicare Steering Committee letter to CMS discusses issues related to the calculation of monthly savings — a step in determining beneficiary rebate amounts for MA plans — and payment adjustments based on the variation in costs among different areas including input prices, utilization, and practice patterns. (October 4, 2004)
Medicare Steering Committee letter discusses issues related to eligibility and enrollment, benefits and beneficiary protections, submission of bids and monthly beneficiary premiums, payments to prescription drug plan sponsors and Medicare Advantage (MA) organizations, etc. Comments on issues related to actuarial equivalence in a separate letter. (October 4, 2004)
Academy document includes a series of tips to facilitate using the Rate Filing Task Force model. (September 30, 2004)
Financial Reporting Committee comments on FASB exposure draft, "Proposed Statement of Financial Accounting Standards: Fair Value Measurements." (September 30, 2004)
Pension Practice Council letter to the Internal Revenue Service (IRS) on proposed changes to the Employee Retirement Income Security Act of 1974 (ERISA) regulations. (September 1, 2004)
Extreme Events Committee comment letter to the U.S. House in preparation for its consideration of proposed legislation to extend the Terrorism Risk Insurance Act of 2002. (July 28, 2004)
Multiemployer Plans Task Force letter to the International Accounting Standards Board (IASB) commenting on a draft interpretation concerning financial reporting for multiemployer plans. (July 9, 2004)
Risk Management and Solvency Committee comments on an IAA comment letter on an IAIS paper, "Draft Supervisory Standard on Suitable Forms of Capital." (July 1, 2004)
Stock Options Task Force comment letter to the Financial Accounting Standards Board (FASB) regarding the measurement of employee stock options. (June 30, 2004)
Long Term Care Risk Based Capital Work Group report on the review of the Managed Care Organization RBC formulas for LTC describes the source of data, methodology, analysis, and recommendations. It reflects revisions based on feedback from members of the NAIC subgroup after the interim report was released in June 2003. (June 1, 2004)