The Academy released a new issue brief, Actuarial Value under the Affordable Care Act. The brief offers an overview of the concept of actuarial value and provides insight into the calculation of actuarial value under ACA.
(July 7, 2011)
The Academy submits written testimony to the House Ways and Means Subcommittee on Health regarding a hearing on the 2011 Medicare Trustees Report. (June 5, 2011)
The Medicare Steering Committee released a new issue brief that summarizes the key cost, access, and quality issues associated with some of the Medicare-related provisions in the various debt and deficit reduction proposals. (May 31, 2011)
The ERM Committee responds to the NAIC on its draft, Own Risk and Solvency Assessment (ORSA) Model Act regarding the ORSA requirements and exemptions from the requirements, specifically the treatment of captive insurers. (May 11, 2011)
The Health Practice Council co-signed a second letter with the Committee on Qualifications Chair to the Arizona insurance director stressing its concern that their regulatory definition of “qualified actuary” for health premium rate actuarial certifications was inappropriate and suggested corrective language. ()
The Long-Term Care Practice Note Work Group has released an exposure draft of the Long-Term Care Rate Stability Practice Note, titled Long-Term Care Insurance Compliance with the National Association of Insurance Commissioners Long-Term Care Insurance Model Regulation Relating to Rate Stability. The practice note will be exposed for a comment period of 30 days. (04/30/2012) ()
The Long-Term Care Practice Note Work Group has extended to July 8 the exposure period for the LTC rate stability practice note, "Long-Term Compliance with the National Association of Insurance Commissioners Long-Term Care Insurance Model Regulation Relating to Rate Stability." ()
At the NAIC Fall 2012 National Meeting the Nonforfeiture Modernization Work Group presented to the Life Actuarial Task Force based upon its report outlining Guaranteed Nonforfeiture Basis Factor Assumptions. ()
At the NAIC Fall 2012 National Meeting in National Harbor, MD the Deposit Fund Subgroup presented to the Life Actuarial Task Force based upon itsreport outlining a proposal for reserving synthetic guaranteed income contracts. ()
The Annuity Reserve Work Group delivered a report to the Life Actuarial Task Force proposing the modification of Actuarial Guideline 33 as a solution to reserving for guarantee living income benefits. ()
The Invested Asset Work Group commented on the American Council of Life Insurers’ Commercial Mortgage Risk-based Capital (RBC) Proposal in a letter to the NAIC’s Life RBC Working Group. ()
The Life Reserves Work Group presented to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting with background information on the VM-20 Asset Default Methodology and Development Process. ()
The Deposit Fund Subgroup submitted its proposal for reserving synthetic GICs based upon the report presented to the Life Actuarial Task Force on November 28, 2012. ()
