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

Summary of Changes in Updated Proposed Model Regulation to NAIC

Summary of changes in updated proposed model regulation and actuarial guidelines on principle-based reserving for life products 
Date Published: 06/01/2006
Read More

LRWG Memo to NY Insurance Department on Discount Rates

Life Reserves Working Group memo to New York Insurance Department about discount rates. 
Date Published: 12/21/2005
Read More

Report on General Nonforfeiture Revision to NAIC

Nonforfeiture Improvement Work Group report to the NAIC requesting guidance regarding the group's further activities in relation to potential future work on Standard Nonforfeiture Laws. 
Topics: NAIC
Date Published: 03/11/2004
Read More

Model Regulation on Annuity Nonforfeiture to NAIC

Annuity Nonforfeiture Implementation Work Group model regulation on annuity nonforfeiture to the NAIC. 
Topics: NAIC
Date Published: 03/11/2004
Read More

Recommendations to NAIC on Calculation of Asset Risk (C-1) Required Capital for Preferred Stock

Life Capital Adequacy Subcommittee recommendations to the NAIC regarding the calculation of the asset risk (C-1) required capital for preferred stock. 
Topics: NAIC
Date Published: 03/01/2004
Read More

Proposal to NAIC on Risk Based Capital Requirements for C-3a

Life Capital Adequacy Subcommittee recommended changes to the NAIC regarding risk based capital requirements for C-3a. 
Topics: NAIC
Date Published: 03/01/2004
Read More

VARW Report to NAIC on Reserve Methodology for Variable Annuity Products

Variable Annuity Reserve Work Group report to the NAIC on reserve methodology for variable annuity products that uses the principles of the proposed Risk Based Capital (RBC) C-3 Phase II approach. 
Topics: NAIC
Date Published: 03/01/2004
Read More

DRWG Report to NAIC on Possible Changes to SVL

Deficiency Reserve Work Group report to the NAIC regarding possible changes to the Standard Valuation Law (SVL), specifically as they relate to the current formulaic approach to determine deficiency...
Topics: NAIC
Date Published: 03/01/2004
Read More

Annuity Nonforfeiture Model Regulation Report to NAIC

Annuity Nonforfeiture Implementation Work Group report to the NAIC on the Annuity Nonforfeiture Model Regulation. 
Topics: NAIC
Date Published: 12/05/2003
Read More

VARWG Report on Reserve Methodology to NAIC

Variable Annuity Reserve Work Group report to the NAIC on the ongoing work surrounding the development of a reserve methodology for variable annuity products that uses the principles of the proposed...
Topics: NAIC
Date Published: 12/01/2003
Read More

Memorandum on Draft Revisions to Actuarial Guideline 34 to NAIC

Life Financial Soundness/Risk Management Committee proposed revisions to actuarial guideline 34 to the NAIC. 
Date Published: 10/30/2003
Read More

Report on Impact of New Annuity Standard Nonforfeiture Law on Reserves

Life Valuation Subcommittee report on the impact of the new annuity standard nonforfeiture law on reserves to the NAIC. 
Topics: NAIC
Date Published: 10/21/2003
Read More

Draft Model Regulation for Standard Nonforfeiture Law for Individual Deferred Annuities

Annuity Nonforfeiture Implementation Work Group draft model regulation of the Standard Nonforfeiture Law for Individual Deferred Annuities to the NAIC. 
Topics: Annuities NAIC
Date Published: 10/21/2003
Read More

Report on Variable Annuity Guaranteed Minimum Death Benefits

Life Financial Soundness/Risk Management Committee report to the NAIC regarding variable annuity guaranteed minimum death benefit reserves. 
Date Published: 09/01/2003
Read More

VARWG Update to NAIC on Reserve Methodology for Variable Annuity Products

Variable Annuity Reserve Work Group report to the NAIC summarizing its work to develop a reserve methodology for variable annuity products. 
Topics: NAIC
Date Published: 09/01/2003
Read More

Comments on Implementing New Model Nonforfeiture Law for Deferred Annuities

Annuity Nonforfeiture Implementation Work Group comments to the NAIC regarding the implementation of a new model nonforfeiture law for deferred annuities. 
Topics: Annuities NAIC
Date Published: 06/25/2003
Read More

Report on Modified Coinsurance and Reinsurance RBC Issues

Life Capital Adequacy Subcommittee report to the NAIC regarding modified coinsurance and reinsurance RBC issues. 
Topics: NAIC Reinsurance
Date Published: 06/01/2003
Read More

Report on Proposed New RBC Method for Indexed Separate Accounts

Life Capital Adequacy Subcommittee report to the NAIC regarding a proposed new RBC method for indexed separate accounts. A spreadsheet accompanies the report. 
Topics: NAIC
Date Published: 06/01/2003
Read More

VARWG Report on Reserve Methodology Using RBC C-3 Phase 2 Principles

Variable Annuity Reserve Work Group report regarding a reserve methodology using RBC C-3 Phase 2 principles. 
Topics: NAIC
Date Published: 06/01/2003
Read More

Life Capital Adequacy Subcommittee Progress Report on C-3 Phase 2

Life Capital Adequacy Subcommittee progress report to the NAIC on C-3 Phase 2. 
Topics: NAIC
Date Published: 06/01/2003
Read More