Life
The Academy’s Life Practice Council (LPC) is dedicated to providing policymakers and regulators with unbiased technical expertise.
From crafting principle-based regulatory frameworks to optimizing risk-based capital strategies, the LPC is at the forefront of innovation in the life insurance industry.
Capital
Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting
Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Life Resources
Comment / Letter
Comment Letter to the NAIC’s Life Actuarial (A) Task Force VM-22 Subgroup
The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC’s Life Actuarial (A) Task Force VM-22 Subgroup on the Chair Exposure of VM-22 Retrospective Application.
Topics: NAIC
Comment / Letter
Subcommittee Comments to NAIC on Proposed Task Force Reorganization
The Life Investment Analysis Subcommittee submitted comments to the NAIC’s Financial Condition (E) Committee on the proposed reorganization of the Valuation of Securities (E) Task Force.
Topics: Life
Comment / Letter
Life Subcommittee Comments to Illustration Subgroup on APF AG 49-A
The Life Illustrations Subcommittee sent comments, and an accompanying redline to the NAIC’s Life and Annuity Illustration (A) Subgroup on its exposure of APF AG 49-A Section 7 exposed 04.02.25.
Topics: NAIC
Comment / Letter
Academy Comments to NAIC on Proposed AI in Insurance Model Law
Academy casualty, health, life, and risk management and financial reporting vice presidents sent a comment letter to the NAIC in response a request for information by NAIC’s Big Data and…
Comment / Letter
Life Subcommittee Comments to Colorado on Data Models Framework
The Life Underwriting and Risk Classification Subcommittee sent comments to the Colorado Division of Insurance on the draft Proposed Amended Regulation Governance and Risk Management Framework…
Topics: Life
Comment / Letter
Subcommittee Comments to LATF on APF 2025–04
The Economic Scenario Generator Subcommittee sent a comment letter to the NAIC’s Life Actuarial (A) Task Force on the recent exposure of APF 2025-04, discussing the update to the Valuation Manual…
Topics: Life
Comment / Letter
LPC Comments to LATF on Actuarial Guideline Draft
The Life Practice Council (LPC) provided comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure, AG Re AAT 050225.
Comment / Letter
Committee Submits Agenda Request to FASB on Funds Withheld and Modified Coinsurance
The Life GAAP Reporting Committee submitted an agenda request to the Financial Accounting Standards Board (FASB) regarding the application of accounting guidance for funds withheld and…
Topics: Life
Comment / Letter
Committee Submits Agenda Request to FASB on LDTI
The Life GAAP Reporting Committee submitted an agenda request to the Financial Accounting Standards Board (FASB) regarding treatment of long-duration targeted improvements…
Topics: Life
Comment / Letter
Committee Submits Agenda Request to FASB on Fixed Indexed Annuities
The Life GAAP Reporting Committee submitted an agenda request to the Financial Accounting Standards Board (FASB) regarding the application of accounting guidance for indexed annuity…
Topics: Life