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

Work Group Comments on Proposed Operational Risk Factors and Growth Charge for Life RBC Formula

Life Operational Risk Work Group comments to the NAIC's Operational Risk (E) Subgroup on proposed operational risk factors and growth charge for the life risk-based capital (RBC) formula.
Date Published: 10/31/2016
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Work Group Comments on Proposed RBC Factors for Fixed Income Securities

C1 Work Group comments to the NAIC's Investment Risk Based Capital Working Group on proposed RBC factors for fixed income securities for the NAIC’s life RBC formula.
Topics: NAIC
Date Published: 10/17/2016
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Work Group Comments on PBR in Issue Paper No. 15X

Tax Work Group comments to the NAIC's Statutory Accounting Principles (E) Working Group in response to the Issue Paper No. 15X concerning the implementation of principle-based reserving (PBR). 
Date Published: 10/06/2016
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Work Group Comments on Proposal for Life Bond Granularity

C1 Work Group comments to the NAIC's Investment Risk Based Capital Working Group in response to the “Proposal for Life Bond Granularity and Related Issues” dated Sept. 6, 2016.
Topics: NAIC
Date Published: 10/05/2016
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Task Force Longevity Risk Presentation to Federal Reserve

Longevity Risk Task Force presentation to the Federal Reserve Insurance Policy Group on longevity risk in annuity and life insurance. 
Topics: Life Insurance
Date Published: 09/30/2016
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Work Group Comments to ASB on ASOP 24 Revisions

Life Illustrations Work Group comments to the Actuarial Standards Board (ASB) on revisions to ASOP No. 24 Revision–Compliance with the NAIC Life Insurance Illustrations Model Regulation. 
Date Published: 09/29/2016
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Work Group Comments to LATF on Standard Nonforfeiture Laws

Nonforfeiture Modernization Work Group comments to the NAIC's Life Actuarial Task Force (LATF) with regard to potentially updating standard nonforfeiture laws. 
Topics: NAIC
Date Published: 09/28/2016
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Work Group Comments to NAIC Subgroup

Stress Testing Work Group comments to the NAIC's Stress Testing (E) Subgroup on providing assistance to help meet its charge. 
Topics: NAIC
Date Published: 09/28/2016
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Work Group Comments to NAIC on Non-Jumbo and Jumbo Sample Calculations

SVL Interest Rate Modernization Work Group comments to the NAIC's VM-22 (A) Subgroup on Non-Jumbo and Jumbo Sample Calculations on valuation interest rates. 
Topics: NAIC
Date Published: 09/21/2016
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Committee Comments to ASB on Proposed ASOP

Life Products Committee comments to the Actuarial Standards Board (ASB) on the proposed Actuarial Standard of Practice (ASOP) that applies to the pricing of life insurance and annuity products. 
Date Published: 08/24/2016
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Longevity Risk Task Force Update to LATF

Art Panighetti, a member of the Longevity Risk Task Force, update to LATF on the task force’s work, including creating a working definition of “longevity risk,” analyzing U.S. mortality tables...
Date Published: 08/24/2016
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ARWG Non-Variable Annuity PBR Update to LATF

John Miller, chairperson of the Annuity Reserves Work Group, provided a non-variable annuity PBR update to LATF’s VM-22 Subgroup. 
Date Published: 08/24/2016
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Life Experience Committee Update on Guaranteed Issue and Preneed Mortality

Mary Bahna-Nolan, chairperson of the Life Experience Committee, update on guaranteed issue and preneed mortality table to the Life Actuarial Task Force (LATF).  
Date Published: 08/24/2016
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Lifetime Income Risk Joint Task Force Comments to DOL on Lifetime Income Options

Lifetime Income Risk Joint Task Force comment letter to the Department of Labor concerning proposals for increasing retiree income options, with a focus on additional safe harbors that encourage...
Topics: Retirement
Date Published: 08/19/2016
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Work Group Comments to NAIC on AG 49

Life Illustrations Work Group comments to the NAIC's IUL Illustrations (A) Subgroup regarding the extension of Actuarial Guideline 49 (AG 49) to all inforce life insurance illustrations. 
Date Published: 08/01/2016
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Work Group Comments to NAIC on Life Risk-Based Capital Formula

Life Operational Risk Work Group comments to the NAIC's Operational Risk (E) Subgroup on how operational risk, including a prospective growth charge, might be better reflected in the Life Risk-Based...
Date Published: 07/27/2016
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Work Group Comments to LATF on Statutory Valuation Interest Rates

SVL Interest Rate Modernization Work Group comments to the NAIC's VM-22 Subgroup of the Life Actuarial Task Force (LATF) in a question-and-answer format on the determination of statutory valuation...
Topics: NAIC
Date Published: 07/15/2016
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LRWG Comments to LATF on VM-20 Product Aggregation

Life Reserves Work Group (LRWG) comments to the NAIC's Life Actuarial Task Force (LATF) on the exposed NAIC staff Amendment Proposal Form (APF) on VM-20 product aggregation. 
Topics: NAIC
Date Published: 07/05/2016
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Council Comments to LATF on the Qualified Actuaries

Life Practice Council comments to the NAIC's Life Actuarial Task Force (LATF) on the qualified actuaries’ responsibilities to the interests of the company versus the commissioner. 
Topics: NAIC
Date Published: 06/30/2016
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Subgroup Comments to LATF on Consolidated ACLI and Academy APF

Role of the Actuary Subgroup comments to the NAIC's Life Actuarial Task Force (LATF) on on the Consolidated ACLI and Academy Amendment Proposal Form. 
Topics: NAIC
Date Published: 06/22/2016
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