AmericanAcademyOfActuaries

Announcements

• Academy Election Closes Today. The Academy election for three regular directors and two bylaws amendments closes Friday, Sept. 2, at 11:59 p.m. If you have not voted yet, refer to the emails sent on Aug. 3 and Aug. 19 for your individual log-on information.
  
  Please note that these emails were sent from a non-Academy address: AmericanAcademyofActuaries@directvote.net. If these emails did not show up in your email inbox, please be sure to check your junk mail folder and ask your IT Department to check your spam filter. For more information on the election, visit the Academy's Election Center.

Website: New Postings

• The Academy's Medicare Steering Committee sent a letter to the members of the new Joint Select Committee on Deficit Reduction urging action to improve the long-term solvency and sustainability of the Medicare program.
• The Academy's Reinsurance Subcommittee submitted comments to the NAIC on the actuarial requirements in the exposure drafts of proposed amendments to the Credit for Reinsurance Model Law and Regulation.
• The Academy/SOA Long-Term Disability Work Group provided an update to the NAIC's Health Actuarial Task Force on the work group's progress regarding the creation of a valuation table for group long-term disability. The work group expects the table to be completed by March 2012.
• In a letter to the NAIC's Medicare Supplement Refund Formula Subgroup, the Academy's Medicare Supplement Work Group proposed that the work group be charged with reviewing the Medicare Supplement Refund Formula for potential changes that may need to be addressed.

Upcoming Events

• Early bird registration for the Nov. 7–10 Life and Health Qualifications Seminar ends soon. Register by Sept. 9 and save $100. Attendees can qualify to issue actuarial opinions for the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement and earn up to 27.3 CE credits.
• Learn more about principle-based approach (PBA) implementation challenges and how PBA will affect the valuation process at the Sept. 14 seminar: Preparing for Change under PBA for Life Products: Life Company Reserves and Capital. Presenters at this jointly sponsored event by the Academy and the Society of Actuaries will address specific implementation challenges relating to PBA for statutory reserves for life products. The seminar is being held at the Omni Orlando Resort at ChampionsGate in Florida.
• Register now for the Sept. 21 Code of Professional Conduct webinar. In these uncertain economic times, the code becomes ever more important. This webinar will provide both a primer and a refresher course on what the code means to you as a practicing actuary. Learn the details of the code's precepts, and gain a better understanding of what may constitute a violation. You'll discover that code compliance assures the integrity and quality of your work.
• The 2011 P/C Effective Loss Reserve Opinion Seminar: Tools for the Appointed Actuary—which is being held Nov. 16–17 at the Hilton Baltimore (BWI)—will keep you up to date on regulations and standards applicable to drafting loss reserve opinions. Seminar topics include accepting an opinion assignment, documentation, point estimates, and risk of material adverse deviation. Attendees may earn up to 14.5 CE credits. Early bird registration ends Oct. 17. Register today!

Recently Released Publications

• The August Actuarial Update is available online. Read about today's deadline for voting in the Academy's 2011 election, the Academy's new senior pension fellow, and the proposed lifetime income public interest statement that was exposed to members on Sept. 1.
• The Sep/Oct issue of Contingencies is now available online. Features in this issue include a look at the future of public pension plans from the perspective of three pension actuaries; an examination of takaful, a system of insurance that adheres to the teaching of Islam; using system dynamics to test a business or policy decision before it's set in place; a look at ways to ensure that people from lower socioeconomic groups who tend to die sooner than wealthier people aren't disadvantaged when it comes to receiving retirement benefits; and much more. Look for the print edition in your mail soon.

Note: Some links in this e-mail go to external websites and may require registration. The Academy is not responsible for the content of these websites. Links may expire.