Public Policy News

The AG43/C3P2 Work Group submitted a comment letter to the NAIC's Variable Annuities (E) Working Group on proposed modifications to Actuarial Guideline XLIII (AG43) and C-3 Phase II (C3P2).  (March 2, 2018)
The ERM/ORSA Committee submitted comments to the Actuarial Standards Board (ASB) on its Capital Adequacy Assessment for Insurers second exposure draft. (March 1, 2018)
The High-Performance Network Work Group of the American Academy of Actuaries has released a new issue paper, High-Performance Networks. Drawing on recent public policy debates about addressing health care spending, this paper explores the expansion of high-performance networks (HPNs) which generally focus on delivering high-quality and efficient care, as a potential solution.
(February 27, 2018)
The Non-Guaranteed Elements Work Group submitted a comment letter to the NAIC's Life Insurance Buyer's Guide (A) Working Group on the revised draft for the Life Insurance Buyer's Guide.  (February 22, 2018)
The Life Reserves Work Group submitted an APF to the NAIC Life Actuarial (A) Task Force on potential changes to VM-20 on the aggregation of mortality segments for the purpose of determining credibility.  (February 21, 2018)
The Tax Work Group submitted a comment letter to the NAIC’s Statutory Accounting Principles (E) Working Group on SSAP 101 and Federal Income Tax Reform.  (February 16, 2018)
COPLFR sent a letter informing the NAIC's Casualty Actuarial and Statistical Task Force of the results of research into Schedule P reporting practices. The Academy's survey looked at currency conversion and changes in intercompany quotashare pooling due to acquisition or divestiture. (February 15, 2018)
The C1 Work Group submitted a comment letter to the NAIC’s Investment Risk-Based Capital (E) Working Group on proposed Risk Based Capital C1 factors for corporate bonds. 
(February 14, 2018)
The Solvency Committee submitted comments to the International Association of Insurance Supervisors (IAIS) on the Interim Consultation Paper on Activities-Based Approach (ABA) to Systemic Risk dated December 8, 2017.  (February 13, 2018)
The Academy provided these comments in response to the NAIC’s exposure draft of the proposed Revised Qualified Actuary Definition for the Property/ Casualty (P/C) Actuarial Opinion Instructions. (February 12, 2018)
The Individual and Small Group Markets Committee sent comments to the Office of Regulations and Interpretations within the Employee Benefits Security Administration in response to the Department of Labor's proposed rule on the definition of employer—small business health plans. (February 9, 2018)
Senior Property and Casualty Fellow Kevin Ryan testified before the Maryland House Economic Matters Committee, commenting on legislation to prohibit the use of occupation, education, gender, and marital status as factors in determining private passenger automobile insurance rates. (February 8, 2018)
The Credit for Reinsurance Subgroup of the Reinsurance Committee released a new practice noteCredit for Life Reinsurance in U.S. Statutory Financial Statements. (February 2, 2018)
The Joint P&C/Health Bond Factors Analysis Work Group submitted a discussion draft of a report on P/C and Health bond factors for consideration by the NAIC’s Joint Health RBC and P/C RBC Drafting Group. 
(January 31, 2018)
The Annuity Illustration Work Group submitted a comment letter to the NAIC's Annuity Disclosure (A) Working Group regarding proposed changes to the Annuity Disclosure Model Regulation (#245).
(January 31, 2018)
The Solvency Committee submitted comments to the International Association of Insurance Supervisors (IAIS) on the revised Insurance Core Principle (ICP) Enterprise Risk Management (ERM) for Solvency Purposes and ComFrame material integrated with ICP 16 consultation package dated November 8, 2017. (January 30, 2018)
The Life Illustrations Work Group published a practice note to assist actuaries in performing professional services in compliance with ASOP No.24 and provide information to actuaries on current or emerging practices.  (January 26, 2018)
The Individual and Small Group Markets Committee sent comments to Office of the Assistant Secretary for Planning and Evaluation in response to the Department of Health and Human Services’ request for information on promoting healthcare choice and competition. (January 25, 2018)
The Financial Regulatory Task Force submitted comments to the U.S. Senate on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. (January 17, 2018)
The Academy released a summary of select significant regulatory and legislative developments in 2017 at the state, federal, and international levels of interest to the U.S. actuarial profession.
(January 12, 2018)