Health Practice Notes

Health Practice Financial Reporting Committee practice note describing some of the current statutory reserving practices used by individual disability income actuaries in the United States.   (March 1, 2006)
Health Financial Reporting Committee practice note addressing questions and issues regarding the valuation actuary's responsibilities related specifically to determining reserve levels and asset adequacy for small group medical insurance coverage. (October 31, 2005)
Practice Note created by the Medicaid Rate Certification Work Group to provide nonbinding guidance to actuaries who certify rates or rate ranges for capitated Medicaid managed care programs. (August 1, 2005)
Practice Note developed by a work group of the Health Practice Financial Reporting Committee to provide a description of some of the current practices used by health actuaries in the United States for determining actuarial reserves and liabilities for individual accident and health insurance business. (August 1, 2005)
PLEASE NOTE: This practice note was superceded by the 2012 Long-Term Care Insurance Compliance with the NAIC LTCI Model Regulation Relating to Rate Stability practice note.

Practice Note developed by the Long-Term Care Work Group of the State Health Committee to  provide guidance to LTCI pricing actuaries when pricing LTCI policies under the rate stability provisions of the 2000 Model Regulation by providing examples of some reasonable approaches that could be taken in performing this work. (May 1, 2003)
State Health Committee work group practice note discussing acceptable practice for all forms of group and individual accident and health policies and contracts. The practice note does not apply to post retirement benefit obligations at this time, but may apply to products sold in meeting these obligations. (November 30, 1995)
Practice Note developed by the Committee on Health Financial Issues that addresses questions and issues regarding the valuation actuary’s responsibilities under the Standard Valuation Law, the NAIC model Actuarial Opinion and Memorandum Regulation, and the Actuarial Standards Board’s actuarial standards of practice (ASOPs) related specifically to determining adequate reserve levels and asset adequacy for long-term care insurance.  (November 2, 1995)
PLEASE NOTE: This practice note was superceded by the 2013 practice note on large group medical business.

Practice Note developed by a work group of the State Health Comittee to address issues related to groups not affected by small group reform and in excess of 50 lives where retrospective experience rating and self-funding are employed. (November 1, 1995)
PLEASE NOTE: This practice note was superceded by the 2005 practice note on individual major medical insurance.

Practice Note developed by a work group of the State Health Committee that addresses questions and issues regarding the valuation actuary's responsibility for compliance with the model Standard Valuation Law (SVL), the NAIC model Actuarial Opinion and Memorandum Regulation (hereafter the Model Regulation), and the Actuarial Standards Board's actuarial standards of practice as related to preparing a statutory statement of opinion on major medical insurance individually solicited, sold, purchased, and underwritten, whether done through the traditional individual contract, or through group trust or group association contracts. (November 1, 1995)
PLEASE NOTE: This practice note was superceded by the 2006 practice note on group long-term disability income business.

Practice Note developed by a work group of the State Health Committee that addresses questions and issues regarding the actuary's responsibilities for compliance with the model Standard Valuation Law (SVL), the NAIC model Actuarial Opinion and Memorandum Regulation (hereafter the Model Regulation), and the Actuarial Standards Board's actuarial standards of practice (ASOPs) related specifically to determining adequate reserve levels for group long-term disability (GLTD) insurance coverage.
(November 1, 1995)
Practice Note developed by a work group of the State Health Committee to address the issue of small group certification requirements. PLEASE NOTE: This practice note was superseded by the 2009 practice note on the Actuarial Certification of Restrictions Relating to Premium Rates in the Small Group Market. (November 1, 1995)