The Non-Guaranteed Elements Work Group submitted a comment letter to the NAIC's Life Insurance Buyer's Guide (A) Working Group on the NAIC group's "10 Things You Should Know Before Purchasing Life Insurance" exposure draft. (December 14, 2017)
The winter StateScan Quarterly highlights state legislation in the past quarter related to auto insurance, health insurance marketplace changes, pension plans, principle-based reserving, and more. For a comprehensive review, log in to StateScan, the legislative and regulatory portal free for Academy members. (December 14, 2017)
The latest issue of the Enrolled Actuaries Report features coverage of pension sessions at the Academy’s Annual Meeting and Public Policy forum; the recently released lifetime income position statement; the Pension Committee-hosted Dec. 8 webinar on lump-sum benefits valuation; and the Multiemployer Plans Committee’s comments to the Pension Benefit Guaranty Corporation (December 14, 2017)
The Academy and the Canadian Institute of Actuaries announced they will jointly produce a series of webinars providing an overview of each organization’s role as the sole national professional body in their respective countries. The first webinar in the series will take place Jan. 17, 2018, at noon EST. Registration is available on the CIA website. Read the news release. (December 13, 2017)
The December HealthCheck covers recent Health Practice Council letters to congressional leaders on the consequences of potential changes to the Affordable Care Act; Academy health presentations at the NAIC’s Fall 2017 National Meeting in Honolulu; a brief recap of health sessions from the Academy’s Annual Meeting and Public Policy Forum; issue briefs by the Health Practice International Committee and the Health Care Delivery Committee’s Comparative Effectiveness Work Group; as well as legislative, regulatory, and judicial updates. (December 13, 2017)
The Health Practice Council submitted a letter to the U.S. House and Senate providing comments on the potential consequences of eliminating the ACA's individual mandate, as possible in the conference committee for the Tax Cuts and Jobs Act. (December 12, 2017)
The Academy presented on both public policy and professionalism matters at the National Association of Insurance Commissioners (NAIC) Fall 2017 National Meeting Dec. 2-4 in Honolulu. Read the Academy alert on highlights from the meeting here. (December 08, 2017)
The Health Practice International Committee published an issue brief on global aging demographics, quality of life during the end-of-life period, palliative versus curative care, and strategies for address health care challenges at the end of life using case studies from a variety of countries. (December 06, 2017)
“Professionalism Resources at Your Fingertips” spotlights the Academy’s many available professionalism resources via publications, the Code of Professional Conduct, the U.S. Qualification Standards (USQS), the Academy’s USQS Attestation Form, and via the Actuarial Standards Board and the Actuarial Board for Counseling and Discipline. (Actuarial Update, November 2017) (November 30, 2017)
The Life Practice Council sent a comment letter to the NAIC's Financial Condition (E) Committee raising concerns over the process by which the NAIC is developing changes to the statutory framework for variable annuities (VAs), including both C-3 Phase II for risk-based capital (RBC) and Actuarial Guideline (AG) 43 reserve requirements. (December 01, 2017)
Chair of the LTC & Disability Committee, Al Schmitz, gives a presentation to the National Conference of Insurance Legislators about long-term care and sales and premium increase data; understanding premium rate increases; and essential criteria in LTC reform. (November 17, 2017)
Donna Claire, Chair of the PBR Governance Subgroup, presented an update to the NAIC Life Actuarial (A) Task Force on the Academy’s efforts on PBR implementation. (December 01, 2017)