Life Practice Council

The Life Practice Council oversees the Academy’s public policy work on life insurance issues. The council manages the work for its committees, subcommittees, and work groups, which are listed here. The Academy’s vice president for life insurance issues heads the council and serves on the Academy Executive Committee and Board of Directors.

Staff liaison: John Meetz

Chairperson: Cande Olsen

Vice Chairperson(s): Dave Neve, Linda Lankowski
Noel Abkemeier
 Mary Bahna-Nolan
 Philip Barlow
 Nancy Bennett
 Michael Boerner
 Michael Boot
 Peter Boyko
 Jeremy Brown
 Larry Bruning
 Thomas Campbell
 Richard Daillak
 Arnold Dicke
 Alice Fontaine
 Barbara Gold
 Jeffrey Johnson
 James Lamson
 Barbara Lautzenheiser
 Shawn Loftus
 John Macbain
 Steven Malerich
 Patricia Matson
 Elizabeth Rogalin
 Martin Snow
 Jo Stephenson
 Sheldon Summers
 Michael Ward
 Peter Weber

Related Publications

Practice Councils' Comments to NAIC Joint Qualified Actuary (A/B/C) Subgroup
Councils' letter to NAIC's Joint Qualified Actuary (A/B/C) Subgroup on the subgroup's two new charges related to defining a "qualified actuary" and recommending a process to address "unprofessional" actuarial work. (February 11, 2013)
Comments on NAIC PBR Draft Implementation Plan
Comment letter to the National Association of Insurance Commissioners' Principles-Based Reserving (E) Working Group with suggested changes to its November 2012 draft implementation plan for principle-based reserving of life insurance. (January 11, 2013)
Guaranteed Nonforfeiture Basis Factor Assumptions Report
Nonforfeiture Modernization Work Group Guaranteed Nonforfeiture Basis Factor report to the Life Actuarial Task Force at the NAIC meeting in National Harbor, MD. (November 27, 2012)
LPC Comment on NAIC PBR Budget Item
Life Practice Council comment letter to the NAIC commending the inclusion of a budget item for the purposes of “Actuarial Guideline 38/Principle-Based Reserving Implementation and Monitoring. (November 09, 2012)
Post-NAIC Update/PBA Webinar (#24)
Post-NAIC Update/PBA Webinar slides reviewing the NAIC Summer 2012 National Meeting and progress on the principle-based approach (PBA) to life reserves. The August 30 webinar included a comprehensive update on the status of the Valuation Manual, and updates on Actuarial Guideline 38, professionalism issues and capital developments.
(August 30, 2012)
PBR Implementation and Review Process Presentation
Life Practice Council presentation to the NAIC Life Actuarial Task Force with recommendations for review, assessment and improvement of principle-based reserves. (August 09, 2012)
LPC Comment Letters to NAIC on Valuation Manual
Comment letters to both the NAIC Life Actuarial Task Force and the Life and Annuities (A) Committee from the Academy's Life Practice Council and Life Financial Reporting/Risk Management Committee regarding the need for changes to the valuation manual as well as a formal updating and review process. (July 16, 2012)
LPC Letter on Blanks Proposal
Life Practice Council letter to the NAIC Blanks Committee with comments on blanks proposal 2012-04. (May 14, 2012)
Comments on White Paper, 'The U.S. National State-Based System of Insurance Financial Regulation and the Solvency Modernization Initiative'
Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC model laws. (April 30, 2012)
Post-NAIC Update/PBA Webinar #23
Post-NAIC Update/PBA Webinar #23 hosted by the LPC covering the Spring 2012 LATF meeting, a simplified approach for the VM-20 mortality assumption and other LPC topics.  (March 29, 2012)