President’s Message

• Academy President Dave Sandberg announced exposure of proposed rules of procedure for joint disciplinary actions. Comments are due Oct. 4.

Member Alerts

• Health Insurance Issues: The Internal Revenue Service issued two notices providing temporary guidance on the Affordable Care Act’s employer shared responsibility requirements. Log in to read the full alert.

Upcoming Events

• Don’t miss next week’s Professionalism webinar: Precept 13—How Do I Comply in a Self-Regulating Profession? Presenters at this Sept. 13 webinar will discuss how you should consider applying Precept 13 when you become aware that another actuary may have violated the Code of Professional Conduct. Your understanding of Precept 13 is vital to ensuring that you are fulfilling the profession’s responsibilities to the public and your own responsibilities to your clients, your employer—and to the profession.
• Make plans to join your colleagues at the Academy Annual Meeting and Awards Luncheon on Oct. 15 (held in conjunction with the Society of Actuaries annual meeting). The luncheon is included in your registration if you are attending the SOA meeting. Academy members who are not attending the SOA meeting may purchase a ticket for $70.
• Today is the last day to register for Life PBR—Test Drive the New VM-20. Work hands on with the new reserving requirements in VM-20 and apply them to real-life examples at this Sept. 11–12 seminar.
• Have you reserved your seat at this year’s P/C Effective Loss Reserve Opinion Seminar: Tools for the Appointed Actuary? Actuaries who write P/C loss reserve opinions and who want to stay up to date on regulations and standards applicable in drafting loss reserve opinions should plan to attend this Nov. 7–8 seminar. New breakout sessions will focus on intercompany pooling, premium reserves, reinsurance, and extended reporting contracts and new workshops will cover sample opinions and report documentation.
• The early bird discount ends Wednesday, Sept. 12 for the Life and Health Qualifications Seminar. This Nov. 12–15 seminar is the primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the specific qualification requirements set forth in the U.S. Qualification Standards.

Academy in the News

• In “ACLI Asks Federal Insurance Office for Help on Reinsurance,” LifeHealthPro reports that in its appeal to the Federal Insurance Office to speed up modernization of state risk-transfer or reinsurance regulations, the ACLI agrees with the Academy that 1992 limitations on risk transfer are outdated and should not be included in the draft Valuation Manual.
• In “Five Annuity Moves Raising the Stakes for Retirement,” MarketWatch.com columnist Robert Powell quotes the Academy’s recent publication on contingent deferred annuities.

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