Financial Reporting and Solvency Committee

Financial Reporting and Solvency Committee

This committee monitors financial reporting activities related to all areas of the health actuarial practice, reviews proposals made by various organizations affecting the accounting and auditing issues related to health practice, and generally is responsible for analysis and recommendations on accounting issues that impact health actuarial practice. The committee has primary responsibility in the creation and updating of all health practice notes. Acting as the primary point of collaboration with the Risk Management and Financial Reporting Council, the committee works in conjunction with the Health Practice International Task Force in monitoring international issues with U.S. health care implications.

Related Publications

Comments on Asset Treatment for Stand-Alone LTC Asset Adequacy Analysis

Health Financial Reporting and Solvency Committee comments to the Long-Term Care Valuation (B) Subgroup on asset treatment for stand-alone LTC asset adequacy analysis.
Date Published: 01/26/2017
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Report to NAIC on Stop Loss Factors

Stop Loss Factors Work Group report to the NAIC Health Risk-Based Capital (RBC) Work Group (E) reviewing the RBC formulas currently used for medical excess of loss business.
Date Published: 11/14/2016
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Work Group report to NAIC’s Health Risk Based Capital (E) Work Group

Health Care Receivables Factors Work Group recommendation on credit risk factors for health care receivables to the NAIC’s Health Risk Based Capital (E) Work Group.
Topics: NAIC
Date Published: 04/15/2016
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Presentation to FSOC on Regulatory Capital Requirements for U.S. Insurers

Academy Senior Life Fellow Nancy Bennett and Senior Casualty Fellow Jim MacGinnitie presentation to the Financial Stability Oversight Council (FSOC) on regulatory capital requirements for U.S....
Topics: Casualty
Date Published: 12/11/2015
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Academy Committees Comment on PCAOB Auditor and Specialist Paper

The Financial Reporting Committee, Pension Accounting Committee, Casualty Committee on Property and Liability Financial Reporting, Health Financial Reporting and Solvency Committee, and Life...
Date Published: 07/15/2015
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Response Letter to NAIC on Health Solvency Concentration Risk Model

Health Solvency Work Group response letter to questions raised by the NAIC's Health RBC Working Group regarding the HSWG's model that examines administrative expenses within the context of business...
Topics: NAIC Solvency
Date Published: 10/18/2013
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Work Group Presents New Guidelines for Health Care Receivables

Health Care Receivables Factors Work Group presentation on the NAIC Health Annual Statement's new Exhibit 3A, which provides guidelines for health care receivables.
Topics: NAIC
Date Published: 09/24/2013
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Updated Proposal to NAIC on Health Care Receivables

Health Care Receivables Factors Work Group letter to the NAIC's Health Risk-Based Capital Working Group providing recommendations for receivables factors for the current RBC formula. 
Date Published: 01/08/2013
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Letter to NAIC on Health Receivables

Health Care Receivables Factors Work Group letter to the NAIC on a revised proposal providing recommendations for receivables factors for the current RBC formula. 
Topics: NAIC
Date Published: 01/07/2013
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Letter to NAIC on Health Care Receivables Factors

Letter from the Health Care Receivables Factors Work Group's Health RBC Working Group providing recommendations to receivables factors for the current RBC formula.
Topics: NAIC
Date Published: 11/16/2012
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Comments on Impact of Stop-Loss Insurance Under ACA

Stop-Loss Work Group comments to the Employee Benefits Security Administration regarding stop-loss insurance and the Affordable Care Act (ACA). 
Topics: Benefits
Date Published: 07/02/2012
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