Life Practice Council

Life Practice Council

The Life Practice Council oversees the Academy's public policy work on life insurance issues. The council manages the work of its committees, subcommittees, and work groups. The Academy's vice president for life insurance issues heads the council and serves on the Academy Executive Committee and Board of Directors.

Related Publications

Life Principle-Based Reserves (PBR) Under VM-20 (2019 Updated)

Life Principle-Based Reserves (PBR) Under VM-20 (2019 Updated)Life Principle-Based Approach Practice Note Work Group update of the 2017 VM-20 Practice Note to reflect emerging practices and changes...
Date Published: 01/16/2019
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Subgroup Comment Letter to NAIC on Actuarial Opinion Definitions

Role of the Actuary Subgroup comment letter to NAIC on the treatment and definitions of the term "actuarial opinion" in VM-30.  
Topics: NAIC
Date Published: 01/09/2019
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Work Group Comment Letter on APF 2018-44

Life Reserves Work Group comment letter to the Life Actuarial (A) Task Force on amendment proposal form (APF) 2018-44, regarding credited amounts for indexed accounts.  
Date Published: 01/01/2019
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Work Group Comment Letter on Life Insurance Online Guide Webpage

Non-Guaranteed Elements Work Group comment letter to NAIC on their proposal for a life insurance online guide landing page. 
Date Published: 11/27/2018
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SVL Interest Rate Modernization Update to LATF

SVL Interest Rate Modernization update to Life Actuarial (A) Task Force on modernizing valuation interest rates for all non-variable annuities.
Topics: Annuities NAIC
Date Published: 11/13/2018
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PBR Governance Update to LATF

PBR Governance Work Group update to Life Actuarial (A) Task Force at the NAIC Fall 2018 National Meeting.  
Topics: Governance NAIC
Date Published: 11/12/2018
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Reinsurance Work Group Presentation on PBR Allocation and Reinsurance

Reinsurance Work Group presentation to the Life Actuarial (A) Task Force on PBR Allocation and credit for Reinsurance.  
Topics: Reinsurance
Date Published: 11/12/2018
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ARWG Non-Variable Annuity PBR Update to LATF

Annuity Reserves Work Group presentation to Life Actuarial (A) Task Force on non-variable annuities. 
Topics: Annuities
Date Published: 11/12/2018
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Work Group Comment Letter on Exposed LRBC Growth Charge Proposal

Life Operational Risk Work Group follow-up letter to NAIC on exposed Life Risk-Based Capital growth charge proposal.  
Date Published: 10/28/2018
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Work Group Letter on Consolidated Comments for Annuity Disclosure Model Regulation #245

Annuity Illustration Work Group comment letter to NAIC on proposed changes to Annuity Disclosure Model Regulation #245.  
Topics: NAIC
Date Published: 10/17/2018
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LRWG Revised APF on Mortality Experience Assumptions

Life Reserves Work Group revised amendment proposal form on selection of the industry basic table when company experience mortality rates are higher than the industry basic table. 
Date Published: 10/02/2018
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Work Group Revised APF on Aggregation of Mortality Segments

Life Reserves Work Group revised amendment proposal form on the aggregation of mortality segments for the purpose of determining credibility. 
Topics: NAIC
Date Published: 09/11/2018
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Work Group Guidance Document on Interpretation of LRBC Results

RBC Tax Reform Work Group letter to NAIC on the interpretation of year-end 2018 life risk-based capital results in light of the 2017 Tax Cuts and Jobs Act.
Date Published: 09/06/2018
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Task Force Comment Letter to NAIC on Exposed Scope for Liquidity Stress Test

Macroprudential Task Force comment letter to NAIC on the exposed scope for liquidity stress testing.  
Topics: NAIC
Date Published: 08/30/2018
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Work Group Comment Letter on Draft Changes to Model #582

Life Illustrations Work Group comment letter to NAIC on draft changes to Model #582.  
Topics: NAIC
Date Published: 08/30/2018
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Academy ERISA Advisory Council Testimony on Lifetime Income Solutions

Ted Goldman, Senior Pension Fellow, testimony before the U.S. Department of Labor's Advisory Council on Employee Welfare and Pension Benefit Plans on "Lifetime Income Solutions as a Qualified...
Topics: Retirement
Date Published: 08/16/2018
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Task Force Comment Letter to NAIC on Academy Recommendations for 2019 LHVLM

Life and Health Valuation Law Manual Task Force comment letter to Life Actuarial (A) Task Force on recommendations to changes for the 2019 Life and Health Valuation Law Manual.  
Topics: NAIC
Date Published: 08/15/2018
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Work Group Update to LRBC

C-2 Work Group presentation to NAIC Life Risk-Based Capital (E) Working Group on its projects. 
Date Published: 08/03/2018
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Work Group Presentation to NAIC on Reinsurance Allocation

Reinsurance Work Group presentation to Life Actuarial (A) Task Force on reinsurance allocation.
Topics: NAIC Reinsurance
Date Published: 08/02/2018
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Work Group Update to NAIC on PBR Governance

PBR Governance Work Group update to Life Actuarial (A) Task Force on PBR adoption and Academy involvement.  
Topics: Governance NAIC
Date Published: 08/02/2018
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