Life Issues
2010
Testimony for a National Association of Insurance Commissioners (NAIC) public hearing on Stranger Originated Life Annuities (May 20, 2010).
The Pension Practice Council and Life Practice Council's response to a request for information from the departments of Labor and the Treasury regarding lifetime-income options for participants and beneficiaries in retirement plans. (May 2010)
Comments on the FASB on exposure draft, Proposed ASU-Financial Services-Insurance (Topic 944): Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts (February 2010)
Practice note to assist actuaries with application of FAS 133 with respect to variable annuities with guaranteed benefits (February 2010)
Comments to the Interstate Insurance Product Regulation Commission (IIPRC) on the proposed standards for Guaranteed Living Benefits on individual deferred annuities (January 2010)
2009
Addendum to the Practice Note on Applying C3 Phase 2 and AG 43 (December 2009)
Letter to the IRS identifying several actuarial issues and concerns with Notice 2009-47 (October 2009)
Practice note on Actuarial Guideline 43 (AG 43) and C3 Phase 2 uses a Q&A format to provide information on C3 Phase 2 RBC requirements and AG 43 for variable annuities (July 2009)
Practice note assisting actuaries working for life insurance companies with the calculation of embedded values (May 2009)
Practice Note on FAS 157 & FAS 159 (February 2009)
2008
Comments on an IRS notice to life insurers about potential federal income tax issues concerning proposed principle-based reserving and proposed Actuarial Guideline VA-CARVM (May 2008)
Practice note on the identification and valuation of embedded derivatives in modified coinsurance and similar insurance arrangements (February 2008)
Comment letter to the IASB on proposed ISA 620, "Using the Work of an Auditor’s Expert" (February 2008)
2007
Recommended changes to the statutory blank to accommodate principle-based reserving (December 2007)
Comments to the NAIC about a proposed model act on corporate governance for risk management (November 2007)
Proposed revisions to draft valuation manual (November 2007):
Report from the Group Term Life Waiver Table Work Group (October 2007)
Practice note relating to AICPA SOP 05-1, on insurance accounting for deferred acquisition costs in connection with modifications or exchanges of insurance contracts (October 2007)
Valuation and Law Manual Team report to LHATF (September 2007)
Draft valuation manual (September 2007):
Sample actuarial report for life polices subject to PBR valuation (September 2007)
Annuity Reserves Work Group report to LHATF (September 2007)
Consistency Work Group report (September 2007)
Economic Scenario Work Group report to LHATF (September 2007)
Life Reserves Modeling Subgroup report on a possible tail risk test (September 2007)
Modeling Efficiency Work Group report to LHATF (September 2007)
VARWG comments on draft AG VACARVM (September 2007)
Report on governance requirements for principle-based life reserves and capital, with exhibits (September 2007)
Group life reserve waiver report (September 2007)
Reinsurance Work Group report on PBR risk transfer requirements (September 2007)
Nonforfeiture Improvement Work Group report (September 2007)
Report on hybrid capital requirements (September 2007)
Summary of meeting with New York State Insurance Department offical on life PBR (September 2007)
Life Capital Work Group report (July 2007)
Life Reserves Working Group response to New York Insurance Department comments on LRWG proposal (July 2007)
Comments to the NAIC on travel-related life inurance provisions in a draft model trade law (July 2007)
Draft valuation manual, plus accompanying report and slide presentation, and news release (June 2007)
Presentation by the Life Financial Soundness/Risk Management (SVL2) Committee (June 2007)
LRWG report to the LHATF and an
update to the March LHATF exposure of the Requirements for Principle-based Reserves for Life Products (June 2007)
Presentation from the Group Term Life Waiver Work Group to the LHATF (June 2007)
Nonforfeiture Improvement Work Group follow-up questions on responses to LHATF questionnaire (June 2007)
Invested Asset Work Group status report to the Hybrid Working Group (June 2007)
Report and presentation from the Joint SOA/AAA Preferred Mortality Project Oversight Group (June 2007)
Variable Annuity Reserves Work Group response to issues raised by LHATF on AG VACARVM during the Spring 2007 NAIC Meeting (June 2007)
Comment letter to FASB on accounting for life insurance contracts acquired in a business combination (April 2007)
Academy/ASB response to a FASB request for comments on valuation guidance in financial reporting (April 2007)
Annuity Capital Work Group report on its work evaluating the C3 component of the life RBC formula (March 2007)
Updated version, in requirement format, of a proposed draft model regulation for review opinions of principle-based valuations (March 2007)
Updated report from the Life Capital Work Group (redlined version; March 2007)
Updated Variable Annuity Reserves Work Group report, summary of changes from previous version, and corresponding presentation to LHATF(March 2007)
Proposed requirements for principle-based life reserves, summary of the changes made, and corresponding Life Reserves Work Group presentation to LHATF (March 2007)
Status report summarizing Life Practice Council plans for principle-based activities in 2007 (March 2007)
Valuation Law and Manual Team status report, plus a team subgroup's report and presentation on the transition to a principle-based framework (March 2007)
Updated presentation on modernizing life valuation (March 2007)
Presentation bythe Life Financial Soundness/Risk Management (SVL2) Committee, a chart showing life groups working on the principle-based project, and updated definitions of the principles (March 2007)
Nonforfeiture Improvement Work Group status report, plus questions for LHATF (March 2007)
Updated Economic Scenario Work Group presentation (March 2007)
Updated Academy/SOA Preferred Mortality Project Oversight Group presentation (March 2007)
Report to NCOIL on proposed travel underwriting provisions (March 2007)
Comments to NAIC on proposed travel underwriting provisions, with suggested revisions (January 2007)
2006
Exposure draft of practice note concerning AICPA Statement of Position 05-1 (December 28, 2006)
Comments to NAIC on proposed travel underwriting provisions (December 2006)
Updated draft actuarial guidelines on reserve documentation and disclosure (AG DIS) and on life valuation assumptions (AG PBR-VAL), updated draft model regulation on principle-based life reserving, a summary of changes made in all three documents, a presentation to LHATF, and a report on the definition of deficiency (December 2006)
C3 Phase 3 report and update from the Life Capital Work Group (December 2006)
Report on the valuation effects of principle-based reserving for certain universal life products (December 2006)
Report on principle-based reserving for participating whole life products (December 2006)
Example of mortality assumption development (PDF and Excel files, December 2006)
Comment letter on Florida travel underwriting rule (December 2006)
Comment Letter on proposed NAIC unfair trade amendment (December 2006)
Update on the Academy/SOA Preferred Mortality Project (December 2006)
Comments on draft versions of a corporate governance bill and model regulation (December 2006)
Revised Hybrid securities work plan (December 2006)
Proposed update to AG PBR-VAL and update on non-guaranteed element (November 2006)
Draft valuation manual introduction and a Valuation and Law Manual Team status report (November 2006)
Hybrid securities work plan (November 2006)
Variable Annuity Reserves Work Group report on AG VACARVM exposure draft (October 2006)
Life Practice Council comments on a proposed revised standard valuation law (October 2006)
Summary of the Life Capital Adequacy Subcommittee's recommended changes in RBC LR024 instructions, plus a redlined version of the instructions and worksheet (Zipped file, October 2006)
Update from the Regulatory Interface, Governance, and Peer Review Work Group (October 2006)
Practice note on C3 Phase 2 RBC requirements for variable annuities (September 2006)
Paper, accompanied by news release
, for testimony at an NAIC committee hearing on considering travel destination in life underwriting (September 2006)
Updated draft actuarial guidelines on reserve documentation and disclosure (AG DIS) and on life valuation assumptions (AG PBR-VAL), updated draft model regulation on principle-based life reserving, and summary of changes made in all three documents (September 2006)
Draft model regulation on principle-based peer review (September 2006)
Report on short-term changes needed in Standard Nonforfeiture Law (September 2006)
Presentation on C3 RBC economic scenarios (September 2006)
Presentation with update on C3 Phase 3 RBC activities (September 2006)
Life Reserves Work Group report to LHATF (September 2006)
Report on principle-based reserves for non-variable annuities (September 2006)
Updated glossary of principle-based terms (September 2006)
Updated summary of principles for the principle-based approach (September 2006)
Presentation on principle-based peer review issues (September 2006)
Slides from a preferred mortality project update for LHATF (September 2006)
Report to LHATF and to Life RBC Working Group from the Standards for Stochastic Methods Work Group, plus slide presentation (September 2006)
Updated overview of principle-based project, presented to LHATF (September 2006)
Principle-based presentation on regulatory modernization (September 2006)
Comments on proposed changes in model regulation for principle-based life reserving (August 2006)
Academy/SOA review of interim mortality tables recommended by the ACLI for life insurance reserves (August 2006)
VARWG report to LHATF on VACARVM concerns (August 2006)
SVL2 update on principle-based project for LHATF (August 2006)
C3 Phase 3 update to LHATF (July 2006)
Update on principle-based review for LHATF conference call (July 2006)
Summary of changes in updated proposed model regulation and actuarial guidelines on principle-based reserving for life products (June 2006)
Three updated proposed actuarial guidelines on principle-based life reserving (AG PBR), life reserve assumption margins (AG MAR), and life reserving disclosure (AG DIS), plus a report on areas where additional actuarial judgment guidance is needed (June 2006)
Update on the Academy-SOA preferred mortality study project (June 2006)
Report on results of survey about proposed actuarial guideline VACARVM (commissioners’ annuity reserve valuation method for variable annuities redefined) June 2006
Interim report on a requested review of the ACLI's proposed preferred mortality table (June 2006)
Life Reserves Work Group (LRWG) presentation to LHATF (June 2006)
Life Practice Council questions for NAIC Principle-based Regulation Working Group (June 2006)
Report on variable annuity revenue-sharing agreements for mutual fund services (June 2006)
Summary of results from C3 Phase II survey (June 2006)
Presentation to the Principle-based Regulation Working Group on applying the principle-based approach to valuation and capital requirements (June 2006)
Report on GPVAD vs. GPV approach to life reserving (LRWG, June 2006)
Report on a principle-based methodology for calculating reserves for immediate and nonvariable deferred annuities (June 2006)
Recommendations on principle-based valuation review (June 2006)
Considerations in determining whether to apply principle-based reserving to in-force contracts (June 2006)
SVL2 presentation to LHATF on the principle-based project (June 2006)
Life Capital Adequacy Subcommittee comments on proposed life RBC instructions (May 2006)
Life Capital Adequacy Subcommittee comments on total adjusted credit (TAC) provisions in proposed life RBC instructions (May 2006)
Updated version of the enhanced C3 Phase I RBC interest-rate generator, part of the C3 Phase 2 scenario materials (March 2006)
C3 Phase II web page updated with Academy material recently provided to the NAIC, including a second set of pre-packaged scenarios for common asset classes typically needed in the stochastic cashflow projections of variable annuities, an updated LCAS report documenting the construction of the pre-packaged scenarios and providing guidance on using them, an updated scenario picking tool, an enhanced version of the C3 Phase I RBC interest-rate generator, and pseudo-random numbers used in the pre-packaged scenarios
SVL2 Steering Committee update on the Academy’s current principle-based work (March 2006)
Consistency Work Group Report defining the principles in the principle-based approach (March 2006)
Project timeline by Academy/SOA Preferred Mortality Project Oversight Group (March 2006)
Life Reserves Work Group update (March 2006)
Overview of the work of the Regulatory Interface, Governance, and Peer Review Work Group (March 2006)
Life Reserves Work Group comments on a New York principle-based reserve memo (March 2006)
Life Reserves Work Group report on modeling principle-based reserves for 20-year level premium term insurance (March 2006)
Life Reserves Work Group presentation on 20-year-term margin examples, and accompanying spreadsheet (March 2006)
Life Reserves Work Group report on considerations in applying principle-based reserving to inforce blocks (March 2006)
Life Reserves Work Group aggregate margin report (March 2006)
C3 Phase II survey for the NAIC Capital Adequacy Task Force (March 2006)
VARWG comments on changes made to proposed AG VACARVM (March 2006)
Life Capital Adequacy Subcommittee report on modified coinsurance (March 2006)
Audio recording of Life Practice Council webcast on principle-based reserves and RBC for life insurers, plus slides used in the webcast (January 2006)
2005
Comment letter to the SEC about the treatment of equity-indexed annuities (December 2005)
Life Reserves Working Group memo to New York Insurance Department about discount rates (December 2005)
SVL2 Steering Committee presentation to LHATF (December 2005)
Life Reserves Work Group (LRWG) update for LHATF (December 2005)
LRWG updated draft framework for life reserve valuation, with a cover memo, a draft model regulation, a draft AG on valuation assumptions, a draft AG on documentation and disclosure requirements, and a draft AG on assumption margins (December 2005)
LRWG presentation on LRWG’s 20-year-term modeling results, with handout (December 2005)
Variable Annuity Reserves Work Group report to LHATF (December 2005)
Life practice note on various reinsurance reserve credit issues (October 2005)
Life practice note for the application of C3 Phase II and Actuarial Guideline VACARVM (September 2005)
Memo to the NAIC from the Medicare Part D Subgroup, with proposed health RBC instruction and health RBC formula changes, proposed life RBC instruction and life RBC formula changes, and explanatory slides (September 2005)
An updated draft framework for principle-based life reserve valuation (Main report, plus slides about initial modeling results; September 2005)
Memo to the NAIC from the Medicare Part D Subgroup, with proposed health RBC instruction and health RBC formula changes, proposed life RBC instruction and life RBC formula changes, and explanatory slides (September 2005)
A draft framework for principle-based life reserve valuation (Main report with hyperlinks to several other documents from this project, plus slides from a presentation; June 2005)
Regulatory review framework recommendations from the SVL2 Work Group (June 2005)
C3 Phase 2 report (June 2005)
Draft actuarial guideline on variable annuity reserving (Main document, plus attachment; June 2005)
Status report on the Modco project (June 2005)
Update from the Nonforfeiture Improvement Work Group (June 2005)
Review of prospective Section 6 test in model standard nonforfeiture law (June 2005)
C3 Phase II project, including RBC and reserves (incorporates newest reports; updated April 2005)
Three related documents about a proposed actuarial guideline for variable annuity reserving (March 2005 revision):
Report to NAIC Capital Adequacy Task Force on Modco status report (March 12, 2005)
Progress report of Academy Universal Life Work Group to NAIC (March 11, 2005)
Universal life working group presentation to LHATF (Powerpoint, March 11, 2005)
Report to NAIC LHATF on general nonforfeiture revision (March 10, 2005)
Changes to Dec. 2004 LCAS report (March 10, 2005)
Academy presentation to LHAFT SVL II on required review of principle-based valuation options (Powerpoint, March 10, 2005)
Letter to NAIC Capital Adequacy Task Force opposing use of standard RBC scenario as minimum standard (March 8, 2005)
Academy recommendations to CADTF for setting regulatory RBC requirements for variable annuities and similar products (March 5, 2005)
2004
Three related documents about a proposed actuarial guideline for variable annuity reserving (December 2004):
- Updated draft (with redlining) of the proposed actuarial guideline
- Letter opposing a standard scenario reserve approach
- Attachments for a report to an NAIC task force
Comments on a proposed C-3 Phase 2 smoothing approach (December 4, 2004)
Practice note on asset adequacy analysis (December 2004)
LCAS report on RBC requirements for variable annuities (December 2004; not available online)
Universal Life Work Group progress report (December 2004)
Questions for a draft variable annuity practice note (Nov. 22, 2004)
LCAS report on RBC requirements for variable annuities (September 2004; not available online)
Draft model regulation on annuity nonforfeiture implementation(September 2004)
Variable Annuity Reserve Work Group report (March 2004)
Report of the UL Work Group (September 2004)
Draft comments by the SVL2 Work Group (September 2004)
Comment letter on adding group life coverage to TRIA (July 2004)
C3 Phase II project, including RBC and reserves (incorporates newest reports; updated June 2004)
LCAS report recommending implementation of C3 Phase II RBC (revised June 2004; not available online)
C3 Phase II report with an alternative methodology for GMBDs (one zipped spreadsheet file; one zipped setup file; May 2004 update of March 2004 report)
Nonforfeiture Improvement Work Group report (March 11, 2004)
Deficiency Reserve Work Group report (March 2004)
Recommended model regulation on annuity nonforfeiture, without premium buckets (March 2004)
Variable Annuity Reserve Work Group report (March 2004; not available online)
Recommended changes in RBC requirements for interest rate risk (C-3a) (March 2004)
Recommendation on calculating RBC preferred stock asset risk (C-1)(March 2004)
Practice note on AICPA Statement of Position 03-1 (March 2004)
2003
LCAS report recommending implementation of C3 Phase II RBC (December 2003)
Addendum and appendices for the September C3 Phase II RBC report (December 2003)
Proposed actuarial guideline on the valuation of reserves for variable annuities (updated December 2003)
Updated draft of an annuity nonforfeiture model regulation, with a Q&A on the value-triggered method (December 2003)
C3 phase 2 RBC report supplement, with pre-packaged asset class scenarios (November 2003; not available online)
Draft model regulation for the standard nonforfeiture law for individual deferred annuities (October 2003)
Suggested revisions to an actuarial guideline on minimum guaranteed death benefit reserves (October 2003)
Report on the impact of the new annuity standard nonforfeiture law on reserves (October 2003)
C3 Phase II recommendations, on RBC requirements for variable products with guarantees (September 2003; not available online)
Report by the Variable Annuity Reserve Work Group (September 2003)
Report on variable annuity guaranteed minimum death benefit reserves (Aug. 27, 2003)
Comments on mortality assumptions used in life insurance illustrations (June 2003)
Comments on implementing a new model nonforfeiture law for deferred annuities (June 2003)
Report to the NAIC on revising standard nonforfeiture laws (June 2003)
Report from the Variable Annuity Reserve Work Group about a reserve methodology using RBC C-3 Phase 2 principles (June 2003)
Report from the Life Capital Adequacy Subcommittee on a proposed new RBC method for indexed separate accounts, with an accompanying spreadsheet (June 2003)
C-3 phase 2 progress report from the Life Capital Adequacy Subcommittee (June 2003)
Report on modified coinsurance and reinsurance RBC issues (June 2003)
Comments on an AICPA proposed statement of opinion for deferred acquisition costs on internal replacements (May 14, 2003)
Presentation slides,"For the Life, Health, and Annuity Actuary: International Accounting Issues" session at 2003 Washington Forum (May 9, 2003)
Presentation slides,"Hot Issues in Life and Annuties" session at 2003 Washington Forum (May 9, 2003)
Report on reserve methodology and the RBC C-3 Phase 2 approach (March 3, 2003)
Supplement to a February 2002 comparison of the three NAIC RBC formulas (March 3, 2003)
Report to the NAIC on offset options for equity indexed annuities in the proposed annuity nonforfeiture law (Jan. 27, 2003)
Comments to the Treasury Department from the Life Financial Soundness/Risk Management Committee on the group life study mandate of the Terrorism Risk Insurance Act (Jan. 9, 2003)
Final report on total adjusted capital for modified coinsurance reinsurance (January 2003)
2002
Proposal on workers' comp carve-out (December 2002)
Recommendations on implementing C-3 Phase 2 (December 2002)
Report on RBC impact of reinsurance cessions to unauthorized reinsurers (December 2002)
Observations on life insurers' deferred tax assets (December 2002)
Follow-up report on an RBC method for indexed separate accounts (December 2002)
Practice note on applying Actuarial Guideline 39, reserving for VAGLBs (December 2002)
Comments on the effect of revisions in the Actuarial Opinion and Memorandum Regulation (AOMR) (December 2002)
Report on low interest rates and standard nonforfeiture law for individual deferred annuities (December 2002)
Comments on an AICPA proposed statement of position (Oct. 30, 2002)
Report with the latest version of Actuarial Guideline MMMM (September 2002)
Report to LHATF recommending that the 2001 CSO tables be adopted (September 2002)
Report on total adjusted capital for modified coinsurance reinsurance (September 2002)
An outline to contribute to discussions about changes in the U.S. solvency framework (September 2002)
Statement on life and disability insurance issues related to a proposed model law concerning genetic discrimination (July 13, 2002)
Report with the proposed 2001 CSO tables; original Excel documents included as appendices (June 2002)
Draft FAQs on valuing embedded derivatives in life and annuity contracts in accordance with FAS 133 (June 2002)
Response to questions about Section 8 opinions for Category C companies (June 2002)
Follow-up report on a proposed RBC method for indexed separate accounts (June 2002)
Report on RBC instruction and formula changes (June 2002)
A report from the newly formed Joint Valuation Work Group to the NAIC's Life and Health Actuarial Task Force (June 2002)
A report discussing a survey of life insurance companies and results' impact on the Generalized Nonforfeiture Law (June 14, 2002)
Comments on an NAIC fund demand disclosure draft (May 30, 2002)
Comment letter from the new Annuity Nonforfeiture Interest Rate Work Group (May 28, 2002)
The Use of Genetic Information in Disability Income and Long-Term Care Insurance (Spring 2002 issue brief)
Comments on NAIC Issue Paper 118 (April 19, 2002)
Comments on the Actuarial Opinion and Memorandum Regulation (AOMR) (April 15, 2002)
Comments on proposed revisions to Actuarial Guideline MMMM (March 2002)
Report on a proposed new RBC method for indexed separate accounts (March 2002)
Report on clarification of C-3 phase 1 instructions (March 2002)
Report with C3 phase 2 recommendations (March 2002)
Report on RBC instruction and formula modifications (February 2002)
An updated comparison of the NAIC's life, P/C, and health RBC formulas (Feb. 12, 2002)
Comments on an NAIC draft liquidity report (Jan. 31, 2002)
Comments on the New York Insurance Department's Circular Letter 20 (Jan. 10, 2002)
2001
Follow-up report from the VAGLB Work Group (December 2001)
Draft practice note on variable annuity guaranteed living benefits (December 2001; updates the April 2001 draft)
Report on recent work concerning quarterly deferred tax asset (DTA) reporting (December 2001)
Draft report on the CSO (commissioner's standard ordinary) mortality table (December 2001)
Report on a proposed new RBC method for separate indexed accounts (December 2001)
Report recommending changes in the life RBC formula (December 2001)
Letter on the Life Practice Council's reorganization and on the new standard valuation law (Dec. 5, 2001)
Form with suggested revisions for SSAPs (Nov. 16, 2001)
Comments on an NAIC draft liquidity report (Oct. 31, 2001)
Comment letter on standards of life insurance products (Oct. 9, 2001)
Report from the VAGLB Work Group (September 2001)
Status report on a recommended approach for setting regulatory RBC requirements for variable account guarantees (September 2001)
Status report of the Nonforfeiture Work Group (September 2001)
Comment letter on reserve requirements and SSAP 51 (Aug. 24, 2001)
Report on the proposed 2001 CSO (commissioner's standard ordinary) mortality table (June 2001)
Recommended changes to Actuarial Guideline VL-GMDB (June 2001)
Follow-up report on tax codification factors and instructions (June 2001)
Recommended changes in the LRBC instructions on concentration calculation for replication transactions (June 2001)
Recommended changes in the proposed LRBC instructions for C-3 interest rate risk (June 2001)
Recommended changes in common stock covariance instructions (June 2001)
Recommendations on Federal Home Loan Bank stock changes (June 2001)
Progress report from the VAGLB Work Group (June 2001)
Comment letter on amending the Actuarial Opinion and Memorandum Regulation (June 1, 2001)
Comment letter on proposed changes to the "Accounting Practices and Procedures Manual" (May 18, 2001)
Report on a GAAP survey (April 2001)
NAIC Model Regulation XXX Practice Note (March 2001; updates the December 2000 version; doc. no. PN034)
Comments on draft actuarial guideline VL-GMDB (March 2001)
Report on changing the health and life RBC factors for disability insurance (March 2001)
Comments on proposed qualification requirements for life and health actuaries (March 29, 2001)
Report on tax calculations (March 26, 2001)
Follow-up report on changing the C-1 treatment of real estate (March 26, 2001)
Comments on a proposed change in the treatment of common stock in the life RBC formula (March 26, 2001)
Report on topics including U.S. versus Canadian reserving approaches, comparison of equity returns, and a draft VAGLB practice note (March 22, 2001)
Presentation on the Academy CSO Loading Subgroup's work (March 21, 2001)
Comments to the Speed to Market Working Group (March 21, 2001)
Comments on the New York State Insurance Department's draft survey about VAGLBs (Jan. 24, 2001)
Archives
2000
Report on stress liquidity risk management (December 2000)
Recommendation on changing the treatment of common stock in the life RBC formula (December 2000)
Recommendation for changing the C-1 treatment of real estate (December 2000)
Letter on the tax effects of codification, with detailed instructions in Excel for the MCO RBC formula, and a subsequent letter (December 2000)
Interim report on stress liquidity risk management (September 2000)
Interim report from the VAGLB Work Group, including proposed actuarial guideline MMMM (September 2000)
Proposed changes in the C-1 treatment of Schedule A real estate(September 2000)
Income tax report with recommendations on the RBC tax structure (September 2000)
Analysis of the implications of workers' comp carve-out reinsurance (September 2000)
Interim VAGLB report, with a comparison of income guarantees (June 2000)
Report on RBC charges for foreign life insurers (March 2000)
Report on requirements for mandatorily convertible securities (March 2000)
Report on codification's impact on RBC (March 2000)
1999
HORBC updates (October 1999)
Report of the NF-ZZZ Work Group (December 1999)
Report on GICs with credit rating downgrade provisions (October 1999)
C-3 Phase 1 report: Part 1: Executive Summary and Appendices 1-4; Part 2 Academy C-3 Pilot Testing: Results from the "50" Scenario Subset; Part 3: Graphs of the 5-Year Rates for the "12" Scenario Subsets, Over All Scenario Years; Part 4: Academy C-3 Pilot Testing: the 200 Scenarios, "12" Scenario Subset, "50" Scenario Subset; Part 5: Draft Instructions and Interest Rate Risk (October 1999)
Interm VAGLB report (October 1999)
Comments on reserving for guaranteed minimum death benefits (October 1999)
Report on proposed actuarial guideline ZZZZ (October 1999)
Report on variable life reserving guidelines (June 1999)
Report on reserving for VAGLBs (March 1999)
Special Issues for Variable Annuities (1999 practice note, doc. no. PN31)
Special Issues for Equity Indexed Products (1999 practice note, doc. no. PN30)
Policyholder Protection In Mutual Life Insurance Company Reorganizations (1999 practice note, doc. no. PNO29)
Distribution of Policyholder Equity in a Demutualization (1999 practice note, doc. no. PNO28)
Additional Questions Relating to Compliance with the NAIC Life Illustrations Model Regulation and Actuarial Standard of Practice No.24 (1999 practice note, doc. no. PNO27)
Compliance with the NAIC Life Illustrations Model Regulation and Actuarial Standard of Practice No. 24 (1999 practice note, doc. no. PNO26)
1998
Report on revised RBC instructions for C-1 risk for modified coinsurance and funds withheld (December 1998)
Report on common stock covariance adjustment (December 1998)
Report on annuity supportability tests (September 1998)
Comments on disclosure and illustrations regulation and definitions (June 1998)
Report on annuity supportability tests (June 1998)
Report on VAGLB reserving and other issues (June 1998)
Report on insurer experience under new life illustration regulations (June 1998)
Report on covariance adjustment(March 1998)
Report on C-1 risk (March 1998)
Health C-2 Factors (March 1998)
Comments on proposed separate account model regulation (March 1998)
Comment on annuities replacement model regulation (March 1998)
Genetic Information and Voluntary Life Insurance (Spring 1998 issue brief)
Letter to Synthetic GIC Working Group (March 1998)
Comments on the Actuarial Opinion and Memorandum Regulation (AOMR)(February 1998)
Report on disclosure and illustration (February 1998)
Equity-indexed product comments (January 1998)
Before 1998
Risk Classification in Voluntary Life Insurance (Spring 1997 issue brief)
Report Preparation (1995 practice note, doc. no. PN024)
Expenses (1995 practice note,doc. no. PN023)
Notification of Reserve Misstatement (1995 practice note, doc. no. PN022)
Special Issues Involving Structured Settlements (1995 practice note, doc. no. PN021)
Special Issues for Valuing Single-Premium Group Annuity Contracts (1995 practice note, doc. no. PN020)
Alternative Methods of Testing for Obligation Risk (1995 practice note, doc. no. PN019)
Collateralized Mortgage Obligations (1995 practice note, doc. no. PN018)
Modeling Mortgage and Real Estate C-1 Risk(1995 practice note, doc. no. PN017)
Modeling Bond Default Risk (1995 practice note, doc. no. PN016)
Use of the AVR/IMR in Cash Flow Testing (1995 practice note, doc. no. PN015)
Interest Rate Models (1995 practice note, doc. no. PN014)
Reliance Upon Third Parties (1995 practice note, doc. no. PN013)
Procedures to Follow in Accepting or Resigning the Position of Appointed Actuary for Life or Health Insurers in the U.S.(1995 practice note, doc. no. PN012)
General Considerations (1995 practice note, doc. no. PN011)
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