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The Academy's Life Practice Council provides objective technical expertise to policy-makers and regulators on life insurance issues, including a principles-based regulatory approach to reserving and risk-based capital. The council is led by Tom Campbell, the Academy's vice president for life insurance issues. PBR comments to TreasuryThe Academy comments on an IRS notice to life insurers about potential income tax issues concerning proposed principle-based reserving methods. Life and annuity reports to the NAICThe Academy's recent public policy work includes reports to the NAIC on the 2008 valuation basic mortality table (VBT) and principles-based reserving for reinsurance, among other topics. Register for June PBA seminar in OrlandoRegister online for "Introduction to PBA: An Overview of a Principles-Based Approach (PBA) to Reserves and Capital." The June 9-10 seminar in Orlando, Fla., is designed for those who are new to PBA and want a high-level summary of current PBA hot topics and recent developments. The next phase: C3 Phase IIIThe Economic Scenario Work Group develops a proposed scenario generator model for interest rate modeling in principles-based life and annuity capital and reserve calculations. Comments invited on draft practice noteThe Life Financial Reporting Committee has published a draft practice note on embedded value reporting. Comments and suggestions are welcomed, and should be sent to Policy Analyst Tina Getachew before May 13. Two practice notes finalizedThe Life Financial Reporting Committee has published
Other practice notes for life actuaries are also available online. |
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