Public Policy News

The Tax Work Group released an issue brief on the implications of calculating tax-deductible claim reserves based on incurral date versus issue date for long-term disability insurance policies. (July 28, 2017)
The P/C RBC Committee and the Health Solvency Subcommittee submitted a joint comment letter to the NAIC’s Investment Risk-Based Capital Working Group expressing concern about proposed changes to corporate bond factors. (July 25, 2017)
The Health Practice Council sent a letter to U.S. Senate leadership on the potential adverse consequences of legislation to eliminate the Affordable Care Act’s (ACA) individual mandate which would lead to lower enrollment, a deterioration of the risk pool, and higher premiums. (July 25, 2017)
The Health Practice Council released a new policy paper highlighting cost-sharing reductions including what they are and why they need to be funded. (July 24, 2017)
The C1 Work Group submitted comments to the NAIC's Investment Risk-Based Capital Working Group (IRBC) on their recent proposal on RBC requirements for real estate.
(July 24, 2017)
The Medicare Subcommittee published an issue brief, Medicare’s Financial Condition: Beyond Actuarial Balance, on significant concerns about Medicare’s long-term financial health. (July 19, 2017)
The Health Practice Council released a new policy paper highlighting several frequently asked questions (FAQ) on risk pooling and explaining how it works in the individual health insurance market. The FAQ also explores the differences between a single risk pool and separate risk pools.  (July 14, 2017)
The Committee on Property and Liability Financial Reporting (COPLFR) submitted comments to the NAIC's Title Insurance Financial Reporting Working Group that raised questions about proposed changes to the way reserves are reported in the title statement of actuarial opinion. (July 14, 2017)
The Accelerated Underwriting Project Oversight Group (reporting to the Academy's Life Experience Committee and SoA's Preferred Mortality Oversight Group) submitted comments to NAIC's Life Actuarial Task Force (LATF) discussing future experience study data elements.
(July 14, 2017)
The Financial Regulatory Task Force submitted comments to the U.S. House Financial Services Committee on H.R. 3110, Financial Stability Oversight Council Insurance Member Continuity Act. (July 14, 2017)
A new issue brief produced by the Individual and Small Group Markets Committee, Drivers of 2018 Health Insurance Premium Changes, provides an overview of the general factors underlying premium rate setting and highlights the major components driving premium changes for 2018. Read the news release. (July 11, 2017)
Senior Life Fellow Nancy Bennett and Tom Campbell, chairperson of the Life Valuation Committee’s AG 43/C3 Phase II Work Group, presented to the Federal Reserve Board Insurance Industry Work Group on regulatory capital requirements for life insurers. (July 11, 2017)
The VM-31 Subgroup submitted comments to the NAIC's Life Actuarial Task Force (LATF) on an amendment to eliminate the summary of methods and assumptions that covers multiple product groups in the executive summary. (July 10, 2017)
The Health Financial Reporting and Solvency Committee sent comments to the NAIC's Statutory Accounting Principles Working Group in a Form A Maintenance Maintenance Agenda Submission Form.  (July 7, 2017)
The newest issue of StateScan Quarterly includes state legislative and regulatory activity relating to transportation network companies, captives, public pension plans, and marketplace changes in health care coverage. (July 6, 2017)
The Individual and Small Group Markets Committee and the Medicaid Subcommittee sent comments to U.S. Senate Leadership on the Better Care Reconciliation Act (BCRA) of 2017, which is intended to repeal and replace provisions in the Affordable Care Act. Read the news release. (June 30, 2017)
The newest issue of PBA Perspectives includes items on the PBR Review (EX) Working Group’s pilot project; the Life Practice Council’s PBR Boot Camp in Orlando in May; and the PBR Model Governance Practice Note Work Group’s new practice note. (June 30, 2017)
Academy Senior Casualty Fellow Jim MacGinnitie, and Stu Mathewson and Nancy Watkins, both members of the Flood Insurance Work Group, made a presentation on Capitol Hill based on the work group’s recent monograph, The National Flood Insurance Program: Challenges and Solutions. (June 26, 2017)
The Non-Guaranteed Elements Work Group submitted comments to the New York Department of Financial Services on re-proposed 11NYCRR 48 (insurance regulation 210) on life insurance and annuity non-guaranteed elements.
(June 22, 2017)