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

Recommended Edits to Model Regulation 695 on GICs

Deposit Fund Subgroup letter to NAIC Life Actuarial (A) Task Force recommending edits to model regulation 695 concerning synthetic guaranteed investment contracts (GICs). 
Topics: NAIC
Date Published: 06/15/2015
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LPC Presentation on Stress Testing of Life Insurers

Members of the Life Practice Council and Senior Life Fellow Nancy Bennett presentation to the Treasury Department's Office of Financial Research on stress testing of U.S. life insurers. 
Date Published: 06/12/2015
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Work Group Comment Letter on Nonforfeiture Benefits for CDAs

Nonforfeiture Modernization Work Group comment letter to NAIC Life Actuarial (A) Task Force on exposed edits to the standard nonforfeiture law for annuities regarding requirements for contingent...
Date Published: 05/13/2015
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Subgroup Comment Letter on Synthetic GIC Model Regulation

Deposit Fund Subgroup comment letter to NAIC Life Actuarial (A) Task Force on exposed edits to the model regulation for synthetic guaranteed investment contracts (GIC). 
Topics: NAIC
Date Published: 04/22/2015
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Work Group Comments on Proposed Actuarial Guideline for IUL Illustrations

Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on proposed actuarial guideline for indexed universal life illustrations. 
Topics: NAIC
Date Published: 04/14/2015
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Nonforfeiture Modernization Work Group Report

Nonforfeiture Modernization Work Group update to the NAIC Life Actuarial (A) Task Force at the NAIC Spring 2015 National Meeting. 
Topics: NAIC
Date Published: 03/27/2015
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Mortality Table Development Update Presentation

American Academy of Actuaries and Society of Actuaries Joint Project Oversight Group presentation to the NAIC Life Actuarial (A) Task Force on the development of the 2014 VBT tables, 2017 CSO tables,...
Topics: NAIC
Date Published: 03/26/2015
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LCAC Comments on XXX/AXXX Reinsurance Framework Exposure Drafts

Life Capital Adequacy Committee (LCAC) comment letter to the NAIC Life Risk-Based Capital (E) Working Group regarding the latest exposure drafts related to the XXX/AXXX reinsurance framework. 
Date Published: 03/20/2015
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Work Group Comment Letter on Exposed Actuarial Guideline for IUL Illustrations

Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on exposed actuarial guideline for indexed universal life illustrations. 
Topics: NAIC
Date Published: 03/11/2015
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Comments on XXX/AXXX Reinsurance Supplemental Proposal

PBR Strategy Subgroup and Life Reinsurance Work Group comment letter to NAIC PBR Implementation (EX) Task Force on exposure of XXX/AXXX reinsurance supplemental proposal. 
Topics: NAIC Reinsurance
Date Published: 02/23/2015
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Work Group Comment Letter on Stress Testing of Life Insurance Reserves

Stress Testing Work Group comment letter to NAIC Stress Testing (E) Subgroup on stress testing proposal as an outline for field testing of life insurance reserves. 
Date Published: 01/30/2015
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LCAC Comment Letter on XXX/AXXX Reinsurance Framework Exposure Drafts

Life Capital Adequacy Committee (LCAC) comment letter to the NAIC Life Risk-Based Capital (E) Working Group regarding exposure drafts related to the XXX/AXXX reinsurance framework.  
Date Published: 01/29/2015
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Legislation-in-Brief on Standard Valuation Law and PBR

Life Practice Council brief and FAQ supporting the adoption of the NAIC model Standard Valuation Law and Principle-Based Reserves. 
Topics: NAIC
Date Published: 01/15/2015
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Work Group Letter to NAIC on Principles for Sound Actuarial Guideline for Illustrations

Life Illustrations Work Group letter to NAIC Life Actuarial (A) Task Force regarding principles for a sound actuarial guideline on illustrations for life insurance products. 
Date Published: 01/08/2015
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Academy Comments to NAIC on Operational Risk

Life Capital Adequacy Committee, Property and Casualty Risk-Based Capital Committee, and Health Solvency Work Group comments to the National Association of Insurance Commissioners (NAIC) on...
Date Published: 01/07/2015
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Comments on Exposure Draft of Life Insurance and Annuity Pricing ASOP

Life Products Committee (LPrC) comment letter to Actuarial Standards Board on exposure draft of an Actuarial Standard of Practice (ASOP) on Life Insurance and Annuity Pricing. 
Date Published: 12/15/2014
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LPC Comments on Exposure Draft of PBR ASOP

Life Practice Council (LPC) comment letter to Actuarial Standards Board on exposure draft of an Actuarial Standard of Practice (ASOP) on Principle-Based Reserves for Life Products.  
Date Published: 12/15/2014
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Synthetic GIC Model Regulation Proposed Changes

Deposit Fund Subgroup proposed changes to existing model regulation for synthetic guaranteed investment contracts (GIC). 
Date Published: 11/14/2014
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Synthetic GIC Reserve Supplemental Proposal

Deposit Fund Subgroup supplemental proposal for reserving synthetic guaranteed investment contracts (GIC). 
Date Published: 11/14/2014
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Proposed Modifications to Regulations of Synthetic GICs Presentation

Deposit Fund Subgroup presentation to the NAIC Life Actuarial (A) Task Force on a proposal to modify existing regulations of synthetic guaranteed investment contracts (GIC).  
Topics: NAIC
Date Published: 11/14/2014
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