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Academy Closed Monday for MLK Day
The Academy’s office will be closed Monday, Jan. 15, in observance of Martin Luther King Jr. Day.
Share Your Input-Proposed Revision to ASOP No. 12 Open for Comment
 The Actuarial Standards Board (ASB) approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice Areas). The ASOP applies to actuaries with respect to designing, developing, selecting, modifying, reviewing, evaluating, or opining on any elements of a risk classification framework in connection with financial or personal security systems. Originally adopted in 1989 and last updated in 2005, ASOP No. 12 was developed as the need for more formal guidance on risk classification increased as the selection process became more complex and more subject to public scrutiny. Comments are due by May 1-to comment, see the exposure draft.
Spread the Word-Academy Promotes Resources for Actuarial Students
The Academy reached out to more than 150 actuarial science university educators this week, highlighting the resources on its Student Resources Page and the availability of Academy speakers to address students and educators on topics ranging from professionalism to public policy issues impacting practice areas. University programs interested in hosting a virtual or in-person Academy speaker may send a request to communications@actuary.org. Please spread the word with your alma maters and academic organizations you are involved in supporting.
Place Your Order-2024 Life and Health Law Manual
The 2024 Life and Health Valuation Law Manual is available for order. The manual includes a current topics section outlining key valuation developments and specific state guidance; NAIC model laws and regulations that have an effect on reserve calculations; a discussion of generally distributed interpretations; and actuarial guidelines from the NAIC Financial Condition Examiners Handbook. Make sure you have the latest life and health requirements at your fingertips with this vital reference tool-place your order today.
Job Seekers-Post Your Résumé in the Academy Career Center
Looking for a new job opportunity for the new year? Be sure to post your résumé to the new Academy Career Center. It’s a one-stop shop for job seekers and employers looking to make a match, and also has resources for applicants. Be the best applicant you can be with our specially tailored assets-the latest valuable benefit for Academy members. Visit the Career Center.
Public Policy in Focus
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Health Equity Committee co-chairpersons Annette James and Rebecca Sheppard, and member Yi-Ling Lin, gave an overview of the committee’s work on equity considerations related to benefit design to AHIP’s Health Equity Workgroup.
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The Individual and Small Group Markets Committee submitted comments to the Centers for Medicare & Medicaid Services regarding the proposed rule for the 2025 Notice of Benefit and Payment Parameters (NBPP).
Visit the Public Policy webpage to stay on top of the latest news and activity.
 Events Calendar Highlights
Visit the Events Calendar for a complete listing of Academy events, including links to post-webinar slides and recordings.
Sneak Peek-Casualty Quarterly
The Winter Casualty Quarterly will cover the Medical Professional Liability Committee’s plans for 2024, including a call for new committee volunteers; and the Committee on Property and Liability Financial Reporting’s annual practice note on statements of actuarial opinion.
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