Most of the time, actuaries know which standards of practice apply to their work. Precept 3 of the Code of Professional Conduct requires actuaries to ensure that the actuarial services they perform satisfy applicable standards of practice. (Actuarial Update, February 2020) (February 28, 2020)
Comments of the Individual and Small Group Markets Committee and Risk Sharing Subcommittee on the proposed rule for the 2020 Notice of Benefit and Payment Parameters (NBPP). (March 02, 2020)
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 28, 2020)
The February Actuarial Update covers the Health Practice Council volunteers’ annual visit to Capitol Hill in Washington to meet with federal lawmakers and policymakers to discuss key health issues. Also in this issue: It’s time once again to share your recommendations for Academy regular directors; a reminder to Academy volunteers to submit your COI/CE acknowledgments; the Academy welcomed 345 new members in the second half of 2019; and the “Professionalism Counts” column on Precept 3 of the Code of Professional Conduct. (February 28, 2020)
The Committee on Property and Liability Financial Reporting sent a comment letter to the NAIC's Statutory Accounting Principles Working Group, responding to questions about their previous comments on the financial reporting of certain retroactive reinsurance transactions. (February 28, 2020)
The Winter Retirement Report includes an in-depth Q&A about the recently passed SECURE Act and the new law’s implications on retirement and pensions. Also in the issue, a preview of the Pension Practice Council’s upcoming webinar series on retirement plan coverage, a preview of the upcoming 2020 Enrolled Actuaries Meeting, and legislative and regulatory updates. (February 27, 2020)
The ACI’s five-year moving average reached a new high for the sixth consecutive quarter, according to the latest data release that includes summer 2019. Read the news release. (February 27, 2020)
The Life Reinsurance Work Group sent a comment letter to the NAIC Reinsurance (E) Task Force regarding their exposed memorandum, which requested comments on whether compliance with Actuarial Guideline XLVIII (AG 48) should be considered to be "substantially similar" to Model #787 under the NAIC Financial Standards and Accreditation Program. (February 26, 2020)
The Medicaid Subcommittee has released a new issue brief addressing concerns related to the growing health care costs through Medicaid and analyzes the public policy proposals to reform the program. (February 26, 2020)
The Smarter Spending Work Group has released a new issue brief regarding consumers’, providers’, and payers’ roles in health care spending and initiatives and approaches to address health care costs. (February 26, 2020)
A new issue brief has been released that explores current long-term care insurance (LTCI) programs, provides a history of long-term care (LTC) products, and discusses how a cash value LTCI design may provide consumer benefits. (February 26, 2020)
The Casualty Practice Council submitted comments to the Actuarial Standards Board regarding a proposed new ASOP on rate-filing by property/casualty insurers. (February 25, 2020)
The Life Illustrations Work Group sent a comment letter to the NAIC IUL Illustration (A) Subgroup on Indexed Universal Life insurance policies under Actuarial Guideline XLIX (AG 49). (February 21, 2020)
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 21, 2020)
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 14, 2020)
