This Week, January 20, 2012

 
Week ending January 20, 2012

Reminder

  • Please pay your membership dues by May 1 to avoid a 20 percent late fee. 2012 membership dues remain at the same level as 2011. If you haven’t paid your 2012 dues, click here to conveniently pay online. Now is also a good time to ensure your member profile is up to date, make any necessary changes, and sign up for Academy alerts—timely online bulletins about legislative and regulatory developments that keep members informed. Log in now to pay your dues, print your invoice, or to update your profile.

Media Coverage

  • MetLife and Pru Square Off Over Contingent Deferred Annuities

    National Underwriter Life & Health, Jan. 19, 2012
    Academy Life Practice Council Vice President Cande Olsen’s presentation on behalf of the Academy Contingent Annuity Work Group during a Dec. 22 National Association of Insurance Commissioners Contingent Deferred Annuity Subgroup conference call was cited.

  • Commentary: Repeal Ponzi scheme known as CLASS

    Politico, Jan. 17, 2012
    The Academy was cited in an op-ed by Rep. Charles Boustany (R-La.) for expressing concerns with the Community Living Assistance Services and Supports (CLASS) Act.

Website: New Postings

  • The Academy’s Contingent Annuity Work Group presented an analysis to the NAIC Contingent Deferred Annuity (A) Subgroup comparing two different investment arrangements: typical contingent annuity design vs. self-insurance.

  • Membership alert: The NAIC Joint Working Group of the Life Insurance and Annuities (A) Committee and the Financial Condition (E) Committee released for public comment on January 13 a draft framework and timeline regarding issues related to Actuarial Guideline 38 (AG 38). Log in to read the full alert.

Upcoming Events

  • Feb 8: Medical Loss Ratios—Final Regulations and Repercussions for the Health Insurance Marketplace
    This webinar will focus on the final MLR regulations, including how they differ from the proposed regulations, and also look at the implications for 2014 and beyond. Learn more.

  • Feb. 10: The Affordable Care Act—What Every Actuary Should Know
    Presenters will discuss the key provisions in the law (focusing on those intended to expand coverage) and the status of implementation. This webinar is presented by the Academy and cosponsored by the Society of Actuaries and Conference of Consulting Actuaries. Members from all practice areas are encouraged to attend. Learn more.

Recently Released Publications

  • The 2012 Life & Health Valuation Law Manual is now available! You can order your copy online or by mail/fax. The manual is designed to help appointed actuaries comply with the requirements of the NAIC model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation.

  • Have you ordered your copy of the 2011 P/C Loss Reserve Law Manual? The law manual is designed to help appointed actuaries comply with the NAIC annual statement requirements for statements of actuarial opinion. Click here to order.

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