Public Policy News

The Health Practice Council submitted a letter to the U.S. Senate providing comments on the potential consequences of eliminating the ACA's individual mandate, as recently included in the Tax Cuts and Jobs Act. (November 21, 2017)
The Multiemployer Plans Committee submitted a comment letter to the Pension Benefit Guaranty Corporation (PBGC) on modifications to the instructions for the 2017 Schedule MB (Multiemployer Defined Benefit Plan Actuarial Information) of the Form 5500.
(November 20, 2017)
The Comparative Effectiveness Work Group of the Health Care Delivery Committee published an issue brief providing an actuarial overview of comparative effectiveness research, including measuring its impact and its potential to reduce health care costs. (November 17, 2017)
The Non-Guaranteed Elements Work Group submitted a comment letter on the NAIC's Life Insurance Buyer's Guide Q&A Draft.  (November 15, 2017)
The Academy published a new Essential Elements paper, Tax Treatment of Pensions and Insurance Protections, highlighting select tax treatments of pensions and insurance protections, and outlining the potential public policy trade-offs of changes to the tax code. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
(November 13, 2017)
The Life Reinsurance Work Group Submitted a comment letter to the NAIC's Life Actuarial (A) Task Force on yearly renewable term (YRT) reinsurance premiums under Section 20 of the Valuation Manual.  (November 10, 2017)
The Casualty Practice Council sent a letter to the U.S. House of Representatives providing comments on pending legislation to reauthorize and revise the National Flood Insurance Program. Read the news release.  (November 8, 2017)
The Health Practice Council sent a letter to the U.S. Departments of Treasury, Labor, and HHS on the October 12 executive order. (November 7, 2017)
The Academy announced a position statement in support of policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. Read the news release
(October 31, 2017)
The Life Products Committee submitted a comment letter to the Actuarial Standards Board regarding a proposed actuarial standard of practice (ASOP) on pricing of life insurance and annuity products. (October 31, 2017)
The Pension Practice Council sent a comment letter to the Missouri State Employees’ Retirement System Board regarding the newly-adopted Terminated-Vested Member Buyout Program. (October 23, 2017)
The Non-Guaranteed Elements Work Group submitted a comment letter to the NAIC’s Life Insurance Buyer’s Guide (A) Working Group regarding the Life Insurance Buyer’s Guide Discussion Draft. (October 19, 2017)
The Committee on Property and Liability Financial Reporting sent a comment letter to the NAIC's Actuarial Opinion Working Group on the possible effects of recent life insurance Valuation Manual changes on Statements of Actuarial Opinion of P/C insurers whose reports include accident and health (A&H) or long-term care (LTC) lines of business. (October 18, 2017)
The Life Reinsurance Work Group sent comments to the NAIC's Statutory Accounting Principles (E) Working Group on exposure draft 2017-28 relating to “Reinsurance Risk Transfer”. (October 13, 2017)
The C1 Work Group sent comments to the NAIC’s Investment Risk-Based Capital (E) Working Group on capital requirements for bonds.
(October 10, 2017)
The Committee on Property and Liability Financial Reporting submitted a comment letter to the NAIC’s Statutory Accounting Working Group, expressing concerns over a proposed new definition of reinsurance risk transfer in SSAP No. 62R: Property and Casualty Reinsurance. The letter says that the proposal needs further study and evaluation. (October 4, 2017)
The Asset Adequacy Analysis Practice Note Work released a new practice note to assist practicing life actuaries who are faced with the requirement of asset adequacy analysis.
(September 26, 2017)
The Health Practice Council sent comments to U.S. Senate Leadership on the Graham-Cassidy-Heller-Johnson Proposal (GCHJ), which would make revisions to the individual health insurance market and approaches to federal Medicaid funding.  (September 22, 2017)
The PBR Governance Work Group’s VM-31 Review Subgroup sent comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the exposed VM-31 Amendment Proposal Form (APF). (September 15, 2017)
The Health Practice Council sent a letter to U.S. Senate HELP Committee on efforts to stabilize the individual health insurance market. (September 12, 2017)