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

Task Force Presents to LATF

The Asset Adequacy and Reinsurance Issues Task Force presented to the NAIC's Life Actuarial (A) Task Force (LATF) on their recently published issue brief,  Asset-Intensive Reinsurance Ceded Offshore...
Topics: NAIC Reinsurance
Date Published: 03/14/2024
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Subcommittee presents to RBCIRE

The C1 Subcommittee presented to the NAIC's Risk-Based Capital Investment Risk and Evaluation (E) Working Group (RBCIRE) to provide an update on their work on asset-backed securities (ABS) for...
Date Published: 03/14/2024
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Subcommittee Presents to LATF

The Variable Annuity and Capital Subcommittee and the SOA Individual Annuity Experience Committee presented to the NAIC’s Life Actuarial (A) Task Force (LATF) on proposed mortality adjustment...
Topics: NAIC
Date Published: 03/14/2024
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Life Practice Council Presents to LATF

The Life Policy Analyst, Amanda Barry-Moilanen, presented on current and future LPC workstreams to the NAIC’s Life Actuarial (A) Task Force (LATF) as part of the NAIC Spring National Meeting in...
Topics: NAIC
Date Published: 03/13/2024
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Subcommittee Comments on Interest Maintenance Reserve and Cash Surrender Value

The Variable Annuity Reserve and Capital Subcommittee commented to the NAIC’s Life Actuarial (A) Task Force on the order of operations between the interest maintenance reserve (IMR) and cash...
Topics: NAIC
Date Published: 03/05/2024
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Issue Brief Examines Bermuda-Ceded Reinsurance Considerations

A new issue brief from the Asset Adequacy and Reinsurance Task Force, Asset-Intensive Reinsurance Ceded Offshore From U.S. Life Insurers (With Focus on Bermuda), offers a summary of motivations,...
Topics: Reinsurance
Date Published: 02/15/2024
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Subcommittee Comments on VM-31 and VM-G

The Annuity Reserve and Capital Subcommittee commented to the NAIC’s Valuation Manual (VM)-22 (A) Subgroup of the Life Actuarial (A) Task Force on the Nov 2023 exposure of VM-31, VM-G, and the...
Topics: NAIC
Date Published: 02/14/2024
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Subcommittee Presents to GOES Subgroup

The Economic Scenario Generator Subcommittee presented to the NAIC’s Generator of Economic Scenarios (GOES) (E/A) Subgroup of the Life Actuarial (A) Task Force on proposed “quadrant” criteria...
Topics: NAIC
Date Published: 02/14/2024
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Subcommittee Comments on Targeting Criteria and Evaluation Statistics

The Economic Scenario Generator Subcommittee submitted comments to the Life Actuarial Task Force (LATF) on the Dec 12 exposure of the updated Generator of Economic Scenarios (GOES) Targeting Criteria...
Date Published: 01/31/2024
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Committee Comments on APF 2023-12

The Life Valuation Committee submitted a comment letter to the Life Actuarial Task Force (LATF) on the re-exposure of APF 2023-12 concerning equity return volatility in VM-30 cash-flow testing.  
Date Published: 01/29/2024
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Committee Releases Issue Paper on Dynamic Lapses

The Life Experience Committee released an issue paper, Considerations Regarding Dynamic Lapses in Actuarial Modeling. The issue paper explores items that impact lapses and discusses the impact of...
Date Published: 12/18/2023
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Subcommittee Comments on ILVA Product Standards

The Life Index-Linked Variable Annuity (ILVA) Subcommittee submitted a comment letter to the ILVA Subgroup of the Product Standard Committee (PSC) Interstate Insurance Product Regulation Commission...
Date Published: 12/08/2023
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Subcommittee Presents to Risk-Based Capital Investment Risk and Evaluation (E) Working Group

The C1 Subcommittee presented to the NAIC's Risk-Based Capital Investment Risk and Evaluation (E) Working Group on Updated Principles for Structured Securities RBC at the NAIC's Fall National Meeting...
Date Published: 12/02/2023
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Life Practice Council Presents to LATF

The Life Practice Council (LPC) presented on current and future LPC workstreams to the NAIC’s Life Actuarial (A) Task Force (LATF) meeting as part of the NAIC Fall National Meeting in Orlando,...
Topics: NAIC
Date Published: 11/30/2023
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Subcommittee Comments to LATF on the Corporate Model

The Economic Scenario Generator Subcommittee submitted comments to the Life Actuarial (A) Task Force on the October 18 exposure of the Generator of Economic Scenarios (GOES) corporate model...
Date Published: 11/29/2023
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Subcommittee Comments to LATF on Gross Wealth Factors

The Economic Scenario Generator Subcommittee submitted comments to the Life Actuarial (A) Task Force on Generator of Economic Scenarios (GOES) gross wealth factors.   
Date Published: 11/29/2023
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Subcommittee Comments to LATF on Stylized Facts and Acceptance Criteria

The Economic Scenario Generator Subcommittee submitted comments to the Life Actuarial (A) Task Force on the October 5 exposure of the Generator of Economic Scenarios (GOES) stylized facts and...
Date Published: 11/29/2023
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Practice Councils Engage With Colorado on Antidiscrimination Law

The Life Practice Council and Casualty Practice Council submitted comments to the Colorado Division of Insurance on its draft regulation, Concerning Quantitative Testing of External Consumer Data and...
Date Published: 10/26/2023
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Subcommittee Liaises With NAIC on VM-22

The Annuity Reserve and Capital Subcommittee submitted comments to the NAIC's Valuation Manual (VM)-22 Subgroup on the July 2023 exposure draft of the VM-22 Standard Projection Amount (SPA),...
Topics: NAIC
Date Published: 10/24/2023
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C1 Subcommittee Presents at Securities Valuation Office Training

C1 Subcommittee Chairperson Steve Smith and Senior Life Fellow Nancy Bennett presented to the Valuation of Securities Task Force at the Securities Valuation Office training on principles for...
Date Published: 09/28/2023
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