-A A +A

Life Illustrations Work Group Comments on AG 49A Redline

The Life Illustrations Work Group sent a comment letter to the NAIC Life Actuarial (A) Task Force regarding the illustrations of Indexed Universal Life (IUL) insurance policies under Actuarial Guideline 49 and the ACLI Redline of AG 49A. 

Share

This Week, June 8–12, 2020

Share

Read the latest news from the Academy.

Committee Issues FAQ on Covid-19 Impact on PC Financial Reporting

The Committee on Property and Liability Financial Reporting has issued a set of questions and answers regarding the impact of the coronavirus pandemic on P/C financial reporting.(Note: This document has been superceded by a second edition, published in January 2021.)

Share

Academy Publishes Issue Brief on the SECURE Act

The Academy published an issue brief examining the potential impact of the SECURE Act on retirement security, which was developed by Senior Pension Fellow Linda K. Stone in conjunction with the chairperson and members of the Retirement System Assessment and Policy Committee and the co-chairpersons of the Lifetime Income Risk Joint Committee.

Share

Hypothetically, a GAAP audit was performed and filed prior to COVID-19 being declared a pandemic. While the statutory Annual Statement was filed by March 1, 2020, the statutory audit has not yet been finalized. Could there be a different conclusion with r

Real name
Submitted by Helmbrecht on June 10, 2020
Share

In general, we believe that it is conceivable that the conclusion with respect to the reasonableness of loss and LAE reserves could be different on a GAAP versus SAP basis. We expect that this would result in considerations as to the need for restatement on a GAAP basis.

Subscribe to
Darrell Knapp
President's messages
/content/messages-president