Life Comments and Letters

Life Tax Steering Group 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 1, 2008)
Comments from Life, Health, and Casualty Practice Councils on life and health insurance principles proposed by the NAIC's Principle-based Reserving (EX) Working Group. (August 17, 2007)
Life Products Committee comments to the NAIC on travel-related life insurance provisions in a draft model trade law. (July 31, 2007)
Nonforfeiture Improvement Work Group follow-up questions on responses to LHATF questionnaire. (June 30, 2007)
Life Financial Reporting Committee comment letter to FASB on accounting for life insurance contracts acquired in a business combination. (April 2, 2007)
Life Reserves Work Group update on draft actuarial guidelines on reserve documentation and disclosure. (December 1, 2006)
Updated Actuarial Guideline PBR-VAL from the Life Reserves Work Group presented to the National Association of Insurance Commissioners’ Life and Health Actuarial Task Force. (December 1, 2006)
Life Reserves Work Group update of draft model regulation on principle-based life reserving. (December 1, 2006)
Life Reserves Work Group summary of changes made in all three documents: AG DIS, AG PBR-VAL, and draft model regulation on principle-based life reserving. (December 1, 2006)
Life Products Committee comment letter to state insurance regulators on Florida travel underwriting rule. (December 1, 2006)
Life Products Council paper supporting a move to a principles-based system to the NAIC's Life Insurance and Annuities Committee regarding the travel underwriting issue. (September 9, 2006)
Life Reserve Work Group updated draft actuarial guidelines on reserve documentation and disclosure (AG DIS), on life valuation assumptions (AG PBR-VAL), updated draft model regulation on principle-based life reserving, and summary of changes to the NAIC's Life and Health Actuarial Task Force. (September 1, 2006)
Principle-Based Review and Governance Work Group draft model regulations to the NAIC's Life and Health Actuarial Task Force regarding principles-based valuation review opinions. (September 1, 2006)
Life Products Committee report to the NAIC's Life and Health Actuarial Task Force on short term changes needed to the standard nonforfeiture laws. (September 1, 2006)
Annuity Reserve Work Group report to the NAIC's Life and Health Actuarial Task Force regarding principle-based reserves for non-variable annuities. (September 1, 2006)
Joint American Academy of Actuaries/Society of Actuaries Review Team report to the NAIC's Life and Health Actuarial Task Force regarding a review of the interim mortality tables developed by Tillinghast and proposed for use by the ACLI. (August 29, 2006)
Life Reserves Work Group responses to New York changes to model regulation for principle-based life reserving. (August 1, 2006)
Life Capital Adequacy Subcommittee comments to the NAIC Life RBC Working Group regarding the proposed 2006 life RBC instructions. (May 22, 2006)
Variable Annuity Reserve Work Group comments to LHATF regarding proposed changes to AG VACARVM. (March 1, 2006)
Life Practice Council comment letter to the SEC about the treatment of equity-indexed annuities as insurance rather than securities. (December 21, 2005)