The Intersector Group released the notes of its September 2016 meeting with the Pension Benefit Guaranty Corporation.
(October 06, 2016)The Tax Work Group submitted comments to the NAIC's Statutory Accounting Principles (E) Working Group in response to the Issue Paper No. 15X concerning the implementation of principle-based reserving (PBR).
(October 06, 2016)The Intersector Group released the notes of its September 2016 meeting with the Treasury Department and Internal Revenue Service.
(October 06, 2016)The latest issue of PBA Perspectives features updates on principle-based reserving as well as regulatory, legislative, and Academy activities surrounding the implementation of the principle-based approach (PBA) for life insurance.
(October 05, 2016)The C1 Work Group submitted comments to the NAIC's Investment Risk Based Capital Working Group in response to the “Proposal for Life Bond Granularity and Related Issues” dated Sept. 6, 2016.
(October 05, 2016)The Longevity Risk Task Force gave a presentation to the Federal Reserve Insurance Policy Group on longevity risk in annuity and life insurance.
(September 30, 2016)The Life Illustrations Work Group submitted comments to the Actuarial Standards Board (ASB) on revisions to ASOP No. 24, Compliance with the NAIC Life Insurance Illustrations Model Regulation.
(September 29, 2016)The Stress Testing Work Group submitted comments to the NAIC's Stress Testing (E) Subgroup on providing assistance to help meet its charge.
(September 28, 2016)The Nonforfeiture Modernization Work Group submitted comments to the NAIC's Life Actuarial Task Force (LATF) with regard to potentially updating standard nonforfeiture laws.
(September 28, 2016)The Health Practice Council sent letters to both the U.S. House and Senate on potential adverse consequences of legislation to weaken the Affordable Care Act’s (ACA) individual mandate.
(September 22, 2016)The SVL Interest Rate Modernization Work Group submitted comments to the NAIC's VM-22 (A) Subgroup on Non-Jumbo and Jumbo Sample Calculations on valuation interest rates.
(September 21, 2016)The Intersector Group provided a meeting notes excerpt regarding Form 5500 clarifications from its September 2016 meeting with the Treasury Department and Internal Revenue Service.
(September 19, 2016)The Financial Regulatory Task Force submitted comments to the Federal Reserve Board (Fed) on its proposed rule on Capital Requirements for Supervised Institutions Significantly Engaged in Insurance Activities.
The Pension Committee submitted comments to U.S. Senate Special Committee on Aging Chairman Susan Collins on efforts to encourage open multiple employer plans.
The Long-Term Care (LTC) Credibility Monograph Work Group presented an update to the NAIC on a monograph about increasing the awareness of the applicability of credibility procedures to LTCI-related work, providing information on current practices, and outlining considerations and suggestions for advancing actuarial practice in LTCI.
(August 25, 2016)The Cancer Claims Cost Tables Work Group published a report on developing a new set of valuation tables for use with cancer insurance policies in order to aid actuaries with their pricing and reviewing product filings by providing analysis on the initial data provided by the industry.
(August 25, 2016)The Academy released New Risk Regulators and Regulations, an Essential Elements report that highlights many of the new state, federal, and international regulators and oversight efforts that have emerged in the wake of the 2008-09 global recession. The Essential Elements series is designed to make actuarial analyses of public policy issues clearer to general audiences.
(August 25, 2016)John Miller, chairperson of the Annuity Reserves Work Group, provided a non-variable annuity PBR update to LATF’s VM-22 Subgroup.
(August 24, 2016)The Life Products Committee submitted comments to the Actuarial Standards Board (ASB) on the proposed Actuarial Standard of Practice (ASOP) that applies to the pricing of life insurance and annuity products.
(August 24, 2016)