This Week, January 21-25, 2013

Upcoming Events

• Risk of Material Adverse Deviation Disclosure in U.S. Statements of Actuarial Opinion (Feb. 14): Join the Academy and the Casualty Actuarial Society for this timely webinar on key considerations related to the risk of material adverse deviation (RMAD) disclosure required of appointed actuaries providing statements of actuarial opinion on property/casualty loss and loss adjustment expense reserves in the United States. Attendees will learn why RMAD disclosure exists and how to establish a materiality standard, evaluate whether there is an RMAD, and document their findings. Register today [2]!
• The Relationship Between Medicare and Private Insurance Provider Payment Rates (Feb. 21): Presenters will discuss the relationship between Medicare provider payment rates and those for private insurance. This information is important for understanding how any changes in Medicare provider payment rates could affect private plans. Projecting the effects of moving Medicare to a premium support program also requires the consideration of this key issue. Register today [3]!

Recently Released Publications

• The 2013 Life & Health Valuation Law Manual is now available! 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. Order [4] your copy.

Website: New Postings

• The Academy’s Large Group Medical Business Practice Note Work Group has released for a 60-day comment period an updated practice note [5] relating to Large Group Medical Business.

Academy in the News

• The Academy was cited in southern Connecticut’s The Day, “Legislators concerned about spiraling state pension obligations [6],” and the Coloradoan’s op-ed, “Stronger opt-out penalty needed to keep health care reform affordable [7].”

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