This month’s Actuarial Update recaps an exciting and well-received Annual Meeting and Public Policy Forum, including speeches from former Secretary of Health and Human Services Kathleen Sebelius and former Senator and current NAIC CEO Ben Nelson, and training sessions with federal and state officials and industry experts; a primer on when continuing education credits can be carried over to app

The May 2014 update of ASOP No. 6, Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Program Periodic Costs or Actuarially Determined Contributions, included a number of changes that have practical implications for actuaries.

The Solvency Committee sent comments to members of the U.S. House of Representatives and the U.S. Senate in support of passage of the Insurance Capital Standards Clarification Act of 2014, which clarifies that the Federal Reserve has the authority to differentiate between banks and insurers in terms of capital requirements.