Public Policy News

The Premium Review Work Group sent a letter to CCIIO with comments on the 2017 unified rate review template (URRT) and instructions. (March 30, 2016)
The Health Solvency Subcommittee sent a letter to the NAIC’s Health Risk-Based Capital (E) Working Group with comments on Proposal 2016-01-H’s individual premiums and claims footnote. (March 28, 2016)
The Role of the Actuary Subgroup submitted 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 submitted 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)
Senior Pension Fellow Ted Goldman submitted comments to the Senate Finance Committee on its hearing, “The Multiemployer Pension Plan System: Recent Reforms and Current Challenges.”
(March 17, 2016)
The Price Optimization Task Force submitted comments to the NAIC’s executive committee on changes made to the proposed Price Optimization White Paper. (March 15, 2016)
The Life Illustrations Work Group submitted comments to the NAIC’s IUL Illustration (A) Subgroup on revisions to Actuarial Guideline (AG) 49. (March 14, 2016)
The Role of the Actuary Subgroup submitted 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)
The Risk Exposures Subgroup of the ERM/ORSA Committee released a new practice note, Quantifying Risk Exposures for Own Risk and Solvency Assessment Reports. (March 7, 2016)
The SVL Interest Rate Modernization Work Group submitted 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)
The Financial Reporting Committee (FRC) submitted comments to the Financial Accounting Standards Board (FASB) on its proposed accounting standards update, Fair Value Measurement (Topic 820): Disclosure Framework. (February 18, 2016)
The Short-Duration Contracts Work Group released a new white paper, Challenges and Issues Implementing the FASB Short-Duration Contract Disclosures, for exposure comments through March 15. (February 17, 2016)
The Committee on Property and Liability Financial Reporting (COPLFR) submitted comments to the NAIC’s Actuarial Opinion (C) Working Group on the Actuarial Opinion Instructions. (February 12, 2016)
The Public Plans Subcommittee submitted comments to the Governmental Accounting Standards Board on the exposure draft on Pension Issues—an amendment of GASB Statements No. 67, No. 68 and No. 73.
(February 12, 2016)
Senior Property/Casualty Fellow Jim MacGinnitie submitted comments to the NAIC/IAIABC Joint (C) Working Group on the 2015 Workers’ Compensation Large Deductible Study draft.
(February 5, 2016)
The Committee on Property and Liability Financial Reporting (COPLFR) submitted comments to the NAIC's Statutory Accounting Principles (E) Working Group on the proposed Treatment for Fees Incurred for Salvage/Subrogation Recoveries. (February 3, 2016)
The ERM/ORSA Committee released a public-policy overview on the role of regulatory actuaries in reviewing Own Risk and Solvency Assessment (ORSA) reports. (February 1, 2016)
The Life Illustrations Work Group (LIWG) submitted 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)
The Actuarial Guideline 43/C-3 Phase II Work Group submitted comments to the NAIC on the variable annuities blanks proposal exposed on Nov. 19.
(January 29, 2016)
The Academy’s 2016 Life and Health Valuation Law Manual — designed to help appointed actuaries comply with the requirements of the NAIC model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation — is now available in a variety of formats. (January 27, 2016)