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

Tax Implications of Proposals for Structuring Commissioners’ Mortality Tables to Include the Extra Mortality Risk of Business not Subject to Full Underwriting

Tax Implications of Proposals for Structuring Commissioners’ Mortality Tables to Include the Extra Mortality Risk of Business not Subject to Full UnderwritingTax Work Group discussion paper to the...
Date Published: 12/07/2011
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MEWG Bibliography (Updated December 2011)

The Modeling Efficiency Work Group updated it's bibliography resource with additional references. 
Date Published: 12/01/2011
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CAIWG Analysis on Contingent Annuities

Contingent Annuity Issues Work Group analysis assisting the National Association of Insurance Commissioners in its work involving contingent annuities.
Topics: Annuities
Date Published: 10/28/2011
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Contingent Annuity Issues Work Group Comment Letter to NAIC

Contingent Annuity Issues Work Group comment letter to the NAIC Life Insurance and Annuities (A) Committee regarding significant issues associated with contingent annuity products.
Date Published: 10/28/2011
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Follow-up Comment to LATF with Suggested Revisions to VM-20

Tax Work Group, in conjunction with the Nonforfeiture Improvement Work Group, follow-up comment letter to the Life Actuarial Task Force with suggested revisions to VM-20.
Date Published: 10/12/2011
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Letter to LATF on Proposed Language in VM-02

Tax Work Group in conjunction with the Nonforfeiture Improvement Work Group comment letter to the Life Actuarial Task Force regarding issues associated with proposed language in VM-02.
Topics: NAIC
Date Published: 10/03/2011
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Optional Retrospective Application of ASU 2010-26 Acquisition Costs

Life Financial Reporting Committee practice note Optional Retrospective Application of ASU 2010-26 Acquisition Costs.
Date Published: 10/01/2011
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Payout Annuity Team Report to LATF

Joint Academy/SOA Payout Annuity Table Team report regarding the 2012 Individual Annuity Reserving Table to the Life Actuarial Task Force of the NAIC. The team also included a presentation that was...
Topics: NAIC
Date Published: 09/28/2011
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Comments on NY Insurance Dept. Proposal on US Government Obligations

Invested Asset Work Group comments on the Reporting Full Faith and Credit and Other U.S. Government Obligations proposal from Matti Peltonen of the New York State Insurance Department that was made...
Topics: NAIC
Date Published: 08/11/2011
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Report of the Nonforfeiture Improvement Work Group

Nonforfeiture Modernization Work Group's Nonforfeiture Improvement Report that makes certain recommendations with respect to life insurance and annuity nonforfeiture mandates and sets forth certain...
Topics: Life Insurance
Date Published: 08/01/2011
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IAWG Report on C-1 Framework

Invested Asset Work Group report regarding the C-1 Framework and delivered it to the NAIC Life Risk-Based Capital Working Group.
Date Published: 06/30/2011
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LRWG Amendment Proposal on VM-20 to NAIC

Life Reserves Work Group's amendment proposal form regarding the VM-20 to the NAIC's VM PBR Life Subgroup.
Topics: NAIC
Date Published: 06/13/2011
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Comments on NAIC Blanks Proposal

Duration Blanks Work Group proposal from the NAIC's Blanks Working Group. 
Topics: NAIC
Date Published: 05/31/2011
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Academy Response to Blanks Proposal

Duration Blanks Work Group response to a proposal from the NAIC's Blanks Working Group.
Topics: NAIC
Date Published: 05/30/2011
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Annuity Illustration Work Group Letter on NAIC Annuity Disclosure Model Regulation

Annuity Illustration Work Group letter to the NAIC's Annuity Disclosure Working Group regarding the Annuity Disclosure Model Regulation.
Topics: NAIC
Date Published: 05/20/2011
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FS/RM APF to Clarify Issues in VM-20 Impact Study

Financial Soundness/Risk Management Committee amendment proposal to the NAIC's VM PBR Life Subgroup.
Date Published: 05/18/2011
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AIWG Comments on NAFA Annuity Disclosure Model Reg

Annuity Illustration Work Group comment reviews on the Annuity Disclosure Model Regulation submitted by the National Association for Fixed Annuities (NAFA) and recommended changes in response to...
Topics: Annuities NAIC
Date Published: 04/28/2011
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Application of C-3 Phase II and Actuarial Guideline XLIII

Variable Annuity Practice Note Work Group practice note on the Application of C-3 Phase II and Actuarial Guideline XLIII.
Date Published: 04/06/2011
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Update on Development of New Mortality Tables

Life Experience Subcommittee update on the Development of New Mortality Tables to the NAIC's Life Actuarial Task Force.
Topics: NAIC
Date Published: 03/24/2011
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