Life News

The Lifetime Income Risk Joint Task Force submitted a comment letter to Congress on the Lifetime Income Disclosure Act. (July 6, 2018)
The AG43/C3 Phase II Work Group submitted a comment letter to the NAIC on the assumption governance for Actuarial Guideline 43.  (July 5, 2018)
The Annuity Illustration Work Group submitted a comment letter to the NAIC on proposed changes to the Annuity Disclosure Model Regulation #245.  (July 2, 2018)
The Life Illustrations Work Group submitted a comment letter to the California Department of Insurance on Assembly Bill 2634.  (July 2, 2018)
The Life Reserves Work Group submitted a revised APF to the NAIC on the aggregation of mortality segments for the purpose of determining credibility. (June 27, 2018)
The C1 Work Group submitted a comment letter to the NAIC Valuation of Securities Task Force on their proposal to add comprehensive instructions for fund investments to the Purposes and Procedures Manual.  (June 25, 2018)
The Life Reserves Work Group submitted a revised APF on the Aggregation of Mortality Segments in response to comments received on their original version of the APF.  (June 11, 2018)
The RBC Tax Reform Work Group submitted its third comment letter to the NAIC Risk-Based Capital Working Group on the impact of tax reform on life RBC calculations.  (June 6, 2018)
The Life Operational Risk Work Group submitted a comment letter to the NAIC Operational Risk (E) Subgroup on incorporating prospective operational risk growth charge into the life Risk-Based Capital formula.  (June 6, 2018)
The Life Reserves Work Group submitted an APF which seeks to revise the approach in VM-20 to determine the credited rate for index accounts in the calculation of the Deterministic Reserve (DR).  (June 1, 2018)
The Life Products Committee submitted a comment letter to the NAIC Life Actuarial (A) Task Force on the exposed Actuarial Guideline, Application of Section 6 of the Standard Nonforfeiture Law for Individual Deferred Annuities Model 805.   (May 29, 2018)
The AG43/C3P2 Work Group submitted a follow-up comment letter to the NAIC Variable Annuity Issues Working Group on previously submitted recommendations to the working group.  (May 11, 2018)
The Tax Work Group published a paper on frequently asked questions about life insurance tax reserve methods and assumptions.  (May 9, 2018)
The Life Illustrations Work Group submitted a comment letter to the NAIC Life Insurance Illustration Issues Working Group on draft changes to Model #582.  (April 30, 2018)
The RBC Tax Reform Work Group submitted a follow-up letter to the NAIC Life Risk-Based Capital Working Group on additional comments regarding the impact of changes to corporate tax rate on RBC calculations.  (April 24, 2018)
The PBR Model Governance Work Group submitted an amendment proposal form to the NAIC on universal life with secondary guarantees (ULSG) net premium reserve (NPR) lapse rate outlined in VM-20 Section 3.C.  (April 23, 2018)
The Non-Guaranteed Elements Work Group submitted a comment letter to the NAIC Life Insurance Buyer's Guide (A) Working Group on their recent exposure draft.  (April 4, 2018)
The RBC Tax Reform Work Group submitted a comment letter to the NAIC on suggested changes to risk-based capital calculations.  (April 3, 2018)
Wayne Stuenkel, chairperson of the RBC Tax Reform Work Group, presented an update on the effects of tax reform to the NAIC's Life-Risk Based Capital Working Group.  (March 24, 2018)
The PBA Governance Work Group presented an update on Academy involvement with PBR to the NAIC's Life Actuarial (A) Task Force.  (March 23, 2018)