Life Reports to the NAIC

Role of the Actuary Subgroup comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on revisions to Section VM-31 of the Valuation Manual applicable to qualified actuaries for clarification and consistency with the Standard Valuation Law. (March 25, 2016)
Joint Academy Life Experience Committee and SOA Preferred Mortality Oversight Group comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the removal of the provisions for unisex rates as applied to reserves. (March 17, 2016)
Life Illustrations Work Group comments to the NAIC’s IUL Illustration (A) Subgroup on revisions to Actuarial Guideline (AG) 49. (March 14, 2016)
Role of the Actuary Subgroup comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on revisions to the Corporate Governance Guidance Appendix, Section VM-G, of the Valuation Manual applicable to qualified actuaries for clarification and consistency with the Standard Valuation Law. (March 10, 2016)
SVL Interest Rate Modernization Work Group comments to the NAIC's V-22 Subgroup of the Life Actuarial Task Force on statutory regulations regarding the determination of statutory valuation interest rates. (February 23, 2016)
Life Illustrations Work Group (LIWG) comments to the NAIC’s Life Insurance and Annuities (A) Committee on the new working group formed to explore disclosures required in Model #580 and #582. (January 29, 2016)
Actuarial Guideline 43/C-3 Phase II Work Group comments to the NAIC on the variable annuities blanks proposal exposed on Nov. 19. (January 29, 2016)
Life Illustrations Work Group comments to LATF’s IUL Illustration (A) Subgroup on the draft revision to Actuarial Guideline (AG) 49. (December 1, 2015)
Joint American Academy of Actuaries Life Experience Committee and Society of Actuaries Preferred Mortality Oversight Group update on guaranteed issue, simplified issue and preneed to the Life Actuarial Task Force at the NAIC Fall 2015 National Meeting. (November 17, 2015)
Annuity Reserves Work Group (ARWG) non-variable annuity PBR update to the Life Actuarial Task Force’s VM-22 Subgroup at the NAIC Fall 2015 National Meeting. (November 16, 2015)
Nonforfeiture Modernization Working Group (NMWG) presentation on gross premium nonforfeiture method to the Life Actuarial Task Force at the NAIC Fall 2015 National Meeting. (November 15, 2015)
Life Reserves Work Group amendment proposal to the NAIC regarding the removal of references to the “seriatim reserve” in the Valuation Manual. (October 21, 2015)
Life Reserves Work Group amendment proposal to the NAIC regarding the definition and clarification of the term “modeled reserve” in the VM-20. (October 21, 2015)
Nonforfeiture Modernization Work Group comments related to cancellation benefits on contingent deferred annuities (CDAs) to the NAIC CDA (A) Working Group (CDAWG). (October 20, 2015)
AG 43/C-3 Phase II Work Group comments on the "Variable Annuities Framework for Change" to the NAIC’s Variable Annuities Issues (E) Working Group. (October 16, 2015)
C-1 Work Group Presentation to NAIC on C-1 Factors for Corporate Bonds
C-1 Work Group report and presentation to the NAIC’s Investment Risk-Based Capital Working Group on C-1 factors for corporate bonds. (August 19, 2015)
Academy Presentation on YRT Reinsurance and Guaranteed Issue, Simplified Issue and Preneed Update at NAIC Summer Meeting
Academy representatives Richard Daillak and Mary Bahna-Nolan presentation at NAIC Life Actuarial (A) Task Force at the NAIC Summer 2015 National Meeting. Mr. Daillak, Chair of the Life Reinsurance Work Group, presented on Treatment of YRT reinsurance in Stochastic Exclusion Ratio Testing. Ms. Bahna-Nolan, Chair of the Life Practice Council, discussed the topic of accelerated underwriting. (August 14, 2015)
Life Illustrations Work Group IUL Bonus Paper to LATF
Life Illustrations Work Group educational paper describing various bonus structures and the illustration Disciplined Current Scale (DCS) supportability testing for life insurance products subject to the NAIC Life Insurance Illustrations Model Regulation. (August 14, 2015)
American Academy of Actuaries and Society of Actuaries Preferred Mortality Oversight Group presentation to the NAIC Life Actuarial (A) Task Force on guaranteed issue, simplified issue, and preneed.  The update focused on the accelerated underwriting component. (August 13, 2015)
Nonforfeiture Modernization Work Group update on the group's activities to the NAIC Life Actuarial (A) Task Force at the NAIC 2015 Summer Meeting. (August 13, 2015)