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

Comment Letter to State Regulators on Florida Travel Underwriting

Life Products Committee comment letter to state insurance regulators on Florida travel underwriting rule. 
Date Published: 12/01/2006
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Hybrid Securities Work Plan from IAWG

Hybrid securities work plan from IAWG. 
Date Published: 11/01/2006
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LWRG Update on Non-Guaranteed Element

LRWG Update on non-guaranteed element 
Date Published: 11/01/2006
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LRWG Proposal to AG PBR-VAL on Setting Asset Assumptions

LRWG proposal to AG PBR-VAL on setting asset assumptions. 
Date Published: 11/01/2006
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Comments on PBA Review of Principles-Based Valuation

Comments on PBA Review of Principles-based Valuation from Principle-based Review and Governance Work Group. 
Topics: Governance
Date Published: 10/23/2006
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Variable Annuity Report to NAIC

Variable Annuity Reserves Work Group report on AG VACARVM exposure draft. 
Topics: NAIC
Date Published: 10/01/2006
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LPC Paper for Testimony at NAIC Hearing on Considering Travel Destination in Life Underwriting

Life Products Council paper supporting a move to a principles-based system to the NAIC's Life Insurance and Annuities Committee regarding the travel underwriting issue. 
Date Published: 09/09/2006
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Paper for NAIC on Travel Destination

Paper for testimony at an NAIC committee hearing on considering travel destination in life underwriting 
Topics: NAIC
Date Published: 09/09/2006
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LRWG Report to LHATF on Updated Drafts of Model Regulation and Actuarial Guidelines

Life Reserves Work Group presentation to the NAIC's Life and Health Actuarial Task Force regarding updated drafts of the model regulation and actuarial guidelines, federal income tax considerations,...
Topics: NAIC
Date Published: 09/08/2006
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Application of C-3 Phase II

Application of C-3 Phase IIPractice note for the Application of  C3 Phase II provides guidance to actuaries dealing with the implementation of the new C-3 Phase II (VA RBC) requirements for Variable...
Topics: Annuities
Date Published: 09/01/2006
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LPC Update of Summary of Principles for Principle-Based Approach

Life Practice Council updated summary of principles for the principle-based approach to the NAIC's Life and Health Actuarial Task Force. 
Topics: NAIC
Date Published: 09/01/2006
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LPC Update of Glossary of Principle-Based Terms

Life Practice Council definitions related to principles-based approach to the NAIC's Life and Health Actuarial Task Force. 
Topics: NAIC
Date Published: 09/01/2006
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Report on Principle-Based Reserves for Non-Variable Annuities

Annuity Reserve Work Group report to the NAIC's Life and Health Actuarial Task Force regarding principle-based reserves for non-variable annuities. 
Topics: Annuities NAIC
Date Published: 09/01/2006
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Presentation on C3 Phase 3 RBC Activities

Life Capital Adequacy Subcommittee presentation to NAIC's Life RBC Working Group on C3 Phase 3 RBC activities. 
Topics: NAIC
Date Published: 09/01/2006
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Presentation on C3 RBC Economic Scenarios

Economic Scenario Workgroup presentation to the NAIC regarding changes to the C-3 Phase I Interest Rate Model.  
Topics: NAIC
Date Published: 09/01/2006
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Report on Short-Term Changes Needed in Standard Nonforfeiture Law

Life Products Committee report to the NAIC's Life and Health Actuarial Task Force on short term changes needed to the standard nonforfeiture laws. 
Topics: NAIC
Date Published: 09/01/2006
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PBRGWG Presentation on Draft Model Regulation on Principle-Based Peer Review

Principle-Based Review and Governance Work Group draft model regulations to the NAIC's Life and Health Actuarial Task Force regarding principles-based valuation review opinions. 
Topics: Governance NAIC
Date Published: 09/01/2006
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Updated Draft Actuarial Guidelines to NAIC Life and Health Actuarial Task Force

Life Reserve Work Group updated draft actuarial guidelines on reserve documentation and disclosure (AG DIS), on life valuation assumptions (AG PBR-VAL), updated draft model regulation on...
Topics: NAIC
Date Published: 09/01/2006
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Date Published: 08/08/2006
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SVL2 update on Principle-Based Project

SVL2 update on principle-based project for LHATF 
Date Published: 08/04/2006
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