Life Practice Notes

Practice note relating to AICPA Statement of Position 05-1 on insurance accounting for deferred acquisition costs in connection with modifications or exchanges of insurance contracts. (October 1, 2007)
Practice note on common practices relating to FASB Statement 133, accounting for derivative instruments and hedging activities, as it relates to variable annuities with guaranteed benefits. (February 1, 2007)
Life Valuation Subcommittee practice note updating the initial practice note written in 2001 regarding the Actuarial Standard of Practice No. 40 (ASOP 40), and current practices used by actuaries in the United States under the National Association of Insurance Commissioners’ (NAIC) Model Regulation XXX. (December 1, 2006)
Practice note for the Application of  C3 Phase II provides guidance to actuaries dealing with the implementation of the new C-3 Phase II (VA RBC) requirements for Variable Annuities (VAs). (September 1, 2006)
Life Valuation Subcommittee practice note providing a description of some of the current practices that could be used by actuaries in the United States regarding reinsurance reserve credit. (October 1, 2005)
Life Practice Note Steering Committee practice note intended to provide guidance to actuaries dealing with the implementation of the new risk-based capital and reserving requirements for Variable Annuities, C-3 Phase II and Actuarial Guideline VACARVM. (September 1, 2005)
Life Financial Reporting Committee practice note on anticipated common practices relating to AICPA Statement of Position 03-1: accounting and reporting by insurance enterprises for certain nontraditional long-duration contracts and for separate accounts. (April 5, 2005)
Life Valuation Subcommittee practice note updating the initial practice notes written in 1995 regarding asset adequacy analysis practices used by appointed actuaries in the United States. (December 2, 2004)
Practice note presenting questions relative to the National Association of Insurance Commissioner’s (NAIC) Actuarial Guideline XXXIX – Reserving for Variable Annuities with Guaranteed Living Benefits. (December 1, 2002)
Committee on State Life Insurance Issues practice note divided into two sections, statutory reserve and accounting requirments, and asset adequacy analysis considerations. (July 23, 1999)
Committee on State Life Insurance Issues practice note presenting a description of some of the current practices that could be used by illustration actuaries in the United States. (July 18, 1999)
Life Insurance Financial Reporting Committee practice note regarding policyholder protection in mutual life insurance company reorganizations. (July 13, 1999)
Life Financial Reporting Committee practice note regarding the distribution of policyholder equity in a demutualization. (July 10, 1999)
Committee on Life Insurance practice note regarding additional questions to some of the current practices that could be used by illustration actuaries in the United States. (July 3, 1999)
Committee on Life Insurance practice note presenting a description of some of the current practices that could be used by illustration actuaries in the United States. (July 1, 1999)