The Multiemployer Subcommittee released a comment letter on the Pension Benefit Guaranty Corporation’s (PBGC) proposed rule on mergers and transfers between multiemployer plans. (August 05, 2016)
The Life Illustrations Work Group submitted comments to the NAIC's IUL Illustrations (A) Subgroup regarding the extension of Actuarial Guideline 49 (AG 49) to all inforce life insurance illustrations. (August 01, 2016)
The July issue of Actuarial Update covers the new speakers added for the Annual Meeting and Public Policy Forum; Academy President Tom Wildsmith’s column, which looks at the importance of continuing education; Actuarial Standards Board Chairperson Maryellen Coggins’ ‘Professionalism Counts’ looks at the origins of ASOP No. 1; and the Academy’s annual volunteer survey will be coming in August. (July 29, 2016)
The Life Operational Risk Work Group submitted comments to the NAIC's Operational Risk (E) Subgroup on how operational risk, including a prospective growth charge, might be better reflected in the Life Risk-Based Capital Formula. (July 27, 2016)
Academy Senior Health Fellow Cori Uccello and Karen Bender, chairperson of the Academy's Individual and Small Group Markets Committee, submitted testimony on the general factors underlying premium rate setting and the major components driving premium changes for 2017 under the Affordable Care Act to a U.S. House Ways and Means Committee hearing on rising health care premiums. (July 22, 2016)
The Financial Reporting Committee and the Committee on Property and Liability Financial Reporting sent a comment letter to the SEC on its concept release on the modernization of certain disclosure requirements in Regulation S-K. (July 21, 2016)
The SVL Interest Rate Modernization Work Group submitted comments to the NAIC's VM-22 Subgroup of the Life Actuarial Task Force (LATF) in a question-and-answer format on the determination of statutory valuation interest rates. (July 15, 2016)
Academy Senior Health Fellow Cori Uccello spoke Friday at the Alliance for Health Reform’s panel discussion, “Trends in Coverage and Affordability on the Affordable Care Act Marketplaces,” giving an overview of factors driving 2017 health premiums based on the Academy’s May issue brief. (July 15, 2016)
The Pension Committee released a comment letter on the decision by the Internal Revenue Service (IRS) to limit pension actuaries’ ability to interact with IRS actuaries and other experienced employee-benefits personnel. (July 15, 2016)
The latest issue of PBA Perspectives features updates on principle-based reserving as well as regulatory, legislative, and Academy activities surrounding the implementation of the principle-based approach (PBA) for life insurance. (July 15, 2016)
The July issue of HealthCheck covers the Medicare Subcommittee’s issue brief on Medicare’s financial condition, the Academy’s webinar looking at principle-based reserve modeling for long-term care insurance, and notes recent legislative and regulatory updates, including the Academy’s recently released StateScan Quarterly summer newsletter. (July 13, 2016)