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

Update to NAIC on Principle-Based Review

Update on principle-based review for LHATF conference call 
Topics: NAIC
Date Published: 07/12/2006
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C3 Phase 3 Update Presentation

Presentation of a C3 Phase 3 update to LHATF by Nancy Bennett, Larry Gorski, and Peter Boyko. 
Date Published: 07/01/2006
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Applying a Principles-Based Approach to Valuation and Capital Requirements

Life Financial Soundness and Risk Management Committee presentation to the Principle-based Regulation Working Group on applying the principle-based approach to valuation and capital requirements.
Topics: Risk Management
Date Published: 06/01/2006
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LRWG Report on Further Guidance Needed When Actuarial Judgment Required

Life Reserves Work Group report on areas where further guidance is needed when actuarial judgment is required.
Date Published: 06/01/2006
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SVL2 Presentation on Principle-Based Project

SVL2 presentation to LHATF on the principle-based project 
Date Published: 06/01/2006
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LFSRMC Report on Principle-Based Reserving to In-Force Contracts

Life Financial Soundness/Risk Management Committee report on considerations in determining whether to apply principle-based reserving to in-force contracts.  
Date Published: 06/01/2006
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PBRGWG Recommendations on Valuation Review

Recommendations on principle-based valuation review 
Date Published: 06/01/2006
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Report on Immediate and Nonvariable Deferred Annuities

Report on a principle-based methodology for calculating reserves for immediate and nonvariable deferred annuities 
Topics: Annuities
Date Published: 06/01/2006
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Report on Approach to Life Reserving

Report on GPVAD vs. GPV approach to life reserving 
Date Published: 06/01/2006
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Summary of C3 Phase II Survey

Summary of results from C3 Phase II survey 
Date Published: 06/01/2006
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Report on Variable Annuity Revenue-Sharing

Report on variable annuity revenue-sharing agreements for mutual fund services 
Date Published: 06/01/2006
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LPC Questions for NAIC Principle-Based Regulation Working Group

Life Practice Council questions for NAIC Principle-based Regulation Working Group. 
Topics: NAIC
Date Published: 06/01/2006
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LRWG Report to LHATF

Life Reserves Work Group (LRWG) report to LHATF providing a review of the updated drafts of Model Regulation and Actuarial Guidelines. 
Date Published: 06/01/2006
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Interim Report to NAIC on Preferred Mortality Table

Interim report on requested review of the ACLI's proposed preferred mortality table 
Topics: NAIC
Date Published: 06/01/2006
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Report on Proposed Actuarial Guideline

Report on results of survey about proposed actuarial guideline VACARVM (commissioners' annuity reserve valuation method for variable annuities redefined) 
Topics: Annuities
Date Published: 06/01/2006
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Joint AAA-SOA Preferred Mortality Study Project Update

Presentation of an update on the Academy-SOA preferred mortality study project by Larry Gorski. 
Date Published: 06/01/2006
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LRWG Update to Actuarial Guideline DIS

Life Reserves Work Group update to Actuarial Guideline DIS. 
Date Published: 06/01/2006
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LRWG Update to Actuarial Guideline MAR

Life Reserves Work Group update to Actuarial Guideline MAR. 
Date Published: 06/01/2006
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LRWG Update on Principle-Based Life Reserving

Life Reserves Work Group update on principle-based life reserving (AG PBR). 
Date Published: 06/01/2006
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Updated Proposed Model Regulation to NAIC

Updated proposed model regulation and actuarial guidelines on principle-based reserving for life products. 
Date Published: 06/01/2006
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