The Life Illustrations Work Group of the American Academy of Actuaries presented an educational paper describing various bonus structures and the illustration Disciplined Current Scale (DCS) supportability testing for life insurance products subject to the NAIC Life Insurance Illustrations Model Regulation.
Social Security Committee released an issue brief on the Disability Insurance Trust Fund shortfall and ways to improve its long-term financial viability.
The C-1 Work Group prepared a report and made a presentation to the NAIC’s Investment Risk-Based Capital Working Group on C-1 factors for corporate bonds.
Multiemployer Subcommittee sent comments to the IRS and Treasury on proposed regulations on suspensions of benefits under the Multiemployer Pension Reform Act of 2014.
The Solvency Committee provided a presentation to the National Association of Insurance Commissioners (NAIC) on the practical implications of using a 99.5 percent Value at Risk (VaR) over a one-year time horizon for valuation purposes.
