Public Policy Comments and Letters

Committee on Property and Liability Financial Reporting letter to Casualty Actuarial Society on Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves. (November 12, 2002)

Life Financial Reporting Committee comments on an AICPA Proposed Statement of Position: "Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts." (October 30, 2002)

Workers' Compensation Subcommittee comments on a proposed federal backstop for potential terrorism-related workers' compensation losses. (October 10, 2002)

Workers' Compensation Subcommittee letter to the International Actuarial Association (IAA) regarding draft IAA guidelines of actuarial practice for social security programs. (September 27, 2002)

Follow-up comments of James Hurley of the Medical Malpractice Subcommittee after providing testimony to the House Subcommittee on Health hearing on the availability and pricing of medical malpractice liability insurance. (July 31, 2002)

Academy letter to the House Committee on Financial Services on the definitions of "actuarial services" and "appraisal or valuation and fairness opinions" in H.R. 3763, the Public Company Accounting Reform and Investor Protection Act of 2002. (July 19, 2002)

Health Practice Council letter to Congress offers the Academy as a resource on questions related to Medicare and prescription drugs, and notes that adding any additional benefits, in particular a prescription drug benefit, without addressing the financing of the entire Medicare program would be unwise given the uncertainties for future funding of the current benefit structure. (June 20, 2002)

Life, Health, and Property/Liability Financial Reporting Committees comment on NAIC exposure draft of Issue Paper 118. (April 19, 2002)

Health Plan Work Group comments on the association health plan (AHP) provisions in Title IV, Subtitle B of the Bipartisan Patient Protection Act (H.R. 2563), which would amend the Employee Retirement Income Security Act of 1974 to establish a new “Part 8—Rules Governing Association Health Plans. (April 9, 2002)