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

Subgroup Presentation on Academy PBR Efforts

PBR Governance Subgroup update to the NAIC Life Actuarial (A) Task Force on the Academy’s efforts on PBR implementation.  
Topics: Governance NAIC
Date Published: 12/01/2017
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Subgroup Presentation on Role of the Actuary

Role of the Actuary Subgroup’s update on the development to the NAIC Life Actuarial (A) Task Force on the definition of “qualified actuary”.  
Topics: NAIC
Date Published: 12/01/2017
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Life Experience Committee Presentation on GI and SI Tables

Life Experience Committee presentation to the NAIC Life Actuarial (A) Task Force on joint committee recommended changes related to guaranteed issue (GI) tables, and exposed simplified issue (SI)...
Topics: NAIC
Date Published: 11/30/2017
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Life Practice Council Update to LATF

Life Practice Council’s preliminary summary to the NAIC Life Actuarial (A) Task Force on the aggregation of mortality segments in VM-20.  
Topics: NAIC
Date Published: 11/30/2017
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Life Experience Committee Presentation on Accelerated Underwriting Techniques

Life Experience Committee presentation to the NAIC Life Actuarial (A) Task Force on developing accelerated underwriting techniques.  
Topics: NAIC
Date Published: 11/30/2017
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American Academy of Actuaries VAIWG Letter

Life Practice Council comment letter to NAIC Financial Condition (E) Committee raising concerns over the process by which the NAIC is developing changes to the statutory framework for variable...
Date Published: 11/28/2017
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Work Group Comment Letter on Life Insurance Buyer's Guide Draft

Non-Guaranteed Elements Work Group comment letter on the NAIC's development of a life insurance buyer's guide. 
Date Published: 11/15/2017
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Work Group Comment Letter to LATF on YRT Reinsurance Premiums

Life Reinsurance Work Group comment letter to the NAIC’s Life Actuarial (A) Task Force on yearly renewable term reinsurance premiums under Section 20 of the Valuation Manual.  
Topics: NAIC Reinsurance
Date Published: 11/07/2017
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Committee Comment Letter on Proposed ASOP

The Life Products Committee comment letter to the Actuarial Standards Board regarding a proposed actuarial standard of practice (ASOP) on pricing of life insurance and annuity products.   
Date Published: 10/31/2017
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Academy Position Statement on Lifetime Income

Academy Position Statement on support for policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. 
Topics: Retirement
Date Published: 10/31/2017
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Work Group Comments on Life Insurance Buyer’s Guide Discussion Draft

Non-Guaranteed Elements Work Group comment letter on the NAIC’s Life Insurance Buyer’s Guide (A) Working Group discussion draft.
Date Published: 10/19/2017
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Work Group Comments on Life Insurance Buyer’s Guide Discussion Draft

Guaranteed Elements Work Group comment letter on the NAIC’s Life Insurance Buyer’s Guide (A) Working Group discussion draft.
Date Published: 10/19/2017
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Work Group Comments on Reinsurance Risk Transfer Exposure Draft

The Life Reinsurance Work Group comments to the NAIC's Statutory Accounting Principles (E) Working Group on exposure draft 2017-28 relating to “Reinsurance Risk Transfer”. 
Topics: NAIC Reinsurance
Date Published: 10/13/2017
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Work Group Comments on Updated Recommendations for RBC Factors

The C1 Work Group comments to the NAIC’s Investment Risk-Based Capital (E) Working Group on capital requirements for bonds. 
Date Published: 10/10/2017
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Asset Adequacy Analysis

Practice Note Work Group practice note assists actuaries who are faced with the requirement of asset adequacy analysis by providing examples of common approaches.  
Date Published: 09/26/2017
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Work Group Comments on Exposed VM-31 Amendment Proposal Form.

PBR Governance Work Group’s VM-31 Review Subgroup Comment Letter to the NAIC’s Life Actuarial (A) Task Force on the exposed VM-31 Amendment Proposal Form.  
Topics: Governance NAIC
Date Published: 09/12/2017
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Work Group Comments on Exposed VM-20 APF

Life Reserves Work Group (LRWG) comment letter to the National Association of Insurance Commissioners’ Life Actuarial Task Force exposed VM-20 Amendment Proposal Form (APF) on term insurance...
Date Published: 08/28/2017
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Work Group Comment Letter to NAIC regarding proposed changes to the Financial Condition Examiners Handbook

Comments from the Principle-Based Reserving Procedures Work Group to the NAIC regarding the exposure of proposed changes to the Financial Condition Examiners Handbook. 
Date Published: 08/15/2017
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Work Group Update on Life Mortality Risk-Based Capital (RBC)

The C2 Life Mortality RBC Work Group presentation on their work reviewing the C2 RBC requirement for life insurance to the NAIC’s Life Risk Based Capital Working Group.  
Date Published: 08/06/2017
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Task Force Update on Longevity Risk

Tricia Matson, Chairperson of the Academy’s Longevity Risk Task Force (LRTF) presentation to the NAIC's Life Risk Based Capital Working Group. 
Topics: NAIC
Date Published: 08/06/2017
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