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.
Staff Liaison:
Amanda Barry-Moilanen
ASB Liaison:
Linda Lankowski
Professional Liaison:
Mike Ward
Chairperson:
Jason Kehrberg
Vice Chairperson:
Matt Monson
Members:
Marc Altschull
Mary Bahna-Nolan
Susan Bartholf
Mary Caramagno
Charles Chacosky
Donna Claire
Bruce Friedland
R. Dale Hall
Laura Hanson
Andrew Jenkins
Elizabeth Keith
Linda Lankowski
Angela McShane
Donna Megregian
Craig Morrow
Maambo Mujala
David Neve
Hal Pedersen
Leonard Reback
April Shen
Stephen Smith
Dylan Strother
Mary Bahna-Nolan
Susan Bartholf
Mary Caramagno
Charles Chacosky
Donna Claire
Bruce Friedland
R. Dale Hall
Laura Hanson
Andrew Jenkins
Elizabeth Keith
Linda Lankowski
Angela McShane
Donna Megregian
Craig Morrow
Maambo Mujala
David Neve
Hal Pedersen
Leonard Reback
April Shen
Stephen Smith
Dylan Strother
Related Publications
Academy Letter to NAIC on Operational Risk Proposal
Letter from Academy RBC work groups to the NAIC SMI RBC Subgroup regarding the NAIC’s Dec. 9 Operational Risk Proposal.Date Published: 01/30/2014
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LPC Follow-up Comments on Rector Report
Life Practice Council comments on proposed “actuarial standard” in Report of Rector & Associates to the NAIC Principle-Based Reserving Implementation (EX) Task Force.
Topics: NAIC Principle-Based Reserving
Date Published: 01/15/2014
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Comments on Separate Account Recommendations
Separate Account Products Work Group comments on the Potential Actions/Recommendations (Document 2) exposed for comment on Nov. 18, 2013, by the NAIC Separate Account Risk (E) Working Group.
Topics: NAIC
Date Published: 01/10/2014
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Comments on Insulating Separate Account Assets for Non-Variable Products
Separate Account Products Work Group comments to the NAIC’s Separate Accounts Risk Working Group on suggested principles for insulating separate account assets for non-variable products.
Topics: NAIC
Date Published: 12/13/2013
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LRWG Memo of VM-20 Spreads to LATF
Life Reserves Work Group memo to the NAIC’s Life Actuarial Task Force of VM-20 on current and long-term spread tables.
Topics: NAIC
Date Published: 12/13/2013
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Proposed Amendment to NAIC on Direct Iteration vs. Gross Premium Valuation for Deterministic Reserves
Life Financial Soundness/Risk Management Committee proposed amendment to NAIC’s Life Actuarial Task Force on whether the direct iteration approach for the deterministic reserve results in the same...
Topics: NAIC Risk Management
Date Published: 12/13/2013
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Update to LATF on Treatment of GLWBs Under Proposed GPNM Nonforfeiture Approach
Nonforfeiture Modernization Work Group update to NAIC’s Life Actuarial Task Force on treatment of GLWBs in fixed deferred annuities under the proposed GPNM nonforfeiture approach.Date Published: 12/13/2013
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Update to LATF on Developing Utilization Assumptions for GLIBs
Annuity Reserves Work Group update to LATF’s VM-22 Subgroup on efforts towards development of appropriate utilization assumptions for Guaranteed Lifetime Income Benefits (GLIBs) in the floor...
Topics: Benefits
Date Published: 12/13/2013
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Response to NY Insurance Dept. on Due Premiums
Life Financial Soundness/Risk Management Committee response to the NAIC’s Life Actuarial Task Force regarding questions from the New York Insurance Department on Academy’s proposal for treatment...
Topics: NAIC Risk Management
Date Published: 12/13/2013
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LPC Comment Letter on Rector Report
Life Practice Council comments on the Initial Report of Rector & Associates to the NAIC Principle-Based Reserving Implementation (EX) Task Force regarding assets for captive reinsurance.Date Published: 11/15/2013
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LCAS Comment Letter on Unauthorized Reinsurers
Life Capital Adequacy Subcommittee comment letter to the NAIC’s Life-Risk Based Capital (E) Working Group on its exposure draft on additional collateral for transactions with unauthorized...
Topics: NAIC Risk-Based Capital
Date Published: 10/11/2013
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LCAS Comment Letter on Asset Valuation Reserve Double Counting
Life Capital Adequacy Subcommittee comment letter to the NAIC’s Life Risk-Based Capital (E) Working Group regarding double counting of the Asset Valuation Reserve in both RBC and Asset Adequacy...
Topics: NAIC Risk-Based Capital
Date Published: 10/11/2013
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Work Group Comment Letter on AG 43 Amendment Proposal
AG 43/C-3 Phase II Work Group comment letter to the NAIC C-3 Phase II/AG 43 (E/A) Subgroup regarding recent amendment with modifications to current total return gross wealth ratios for Actuarial...
Topics: NAIC
Date Published: 09/30/2013
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C-3 Phase 1 Alternatives Presentation
Presentation by the C-3 Work Group to the NAIC Life Risk-Based Capital (E) Working Group with recommendation of C-3 Phase 1 alternatives.
Topics: NAIC Risk-Based Capital
Date Published: 09/18/2013
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Academy Interest Rate Generator: Frequently Asked Questions
Updated list of frequently asked questions regarding the Version 7 of the joint Academy-SOA Interest Rate Generator for life insurance products.
Topics: Life Insurance
Date Published: 09/12/2013
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Actuarial Standard of Practice No. 24
Update of the Practice Note for on complying with the NAIC Life Insurance Illustrations Model Regulation.
Topics: Life Insurance NAIC
Date Published: 08/29/2013
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PBR Internal Modeling Presentation at CIPR Summit
Life Practice Council presentation to the NAIC’s Center for Insurance Policy and Research Summit on issues related to internal modeling for PBR.
Topics: NAIC
Date Published: 08/27/2013
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C1 RBC Representative Portfolio Presentation
C1 Workg Group presentation to the NAIC Investment Risk-Based Capital Working Group on the benefits and uses of a representative portfolio for C1 factors in the Risk-Based Capital formula.Date Published: 08/24/2013
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Risky Business Presentation to NAIC
Presentation to the NAIC ERISA Retirement Income Working examining the financial risks of increased lifespans and the needs for retirees to secure lifetime income.
Topics: NAIC Retirement
Date Published: 08/24/2013
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Actuarial Guideline 33 Non-Elective Incidence Reserve Proposal
Proposal by the Actuarial Guideline 33 Non-Elective Task Force to the NAIC Life Actuarial Task Force regarding reserves for non-elective incidence under Actuarial Guideline 33.
Topics: NAIC
Date Published: 08/22/2013
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