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

Report on Revising Standard Nonforfeiture Laws

Nonforfeiture Improvement Work Group report to the NAIC on revising standard nonforfeiture laws. 
Topics: NAIC
Date Published: 06/01/2003
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IWG Comments on Mortality Assumptions Used in Life Insurance

Illustrations Work Group comments to the NAIC on mortality assumptions used in life insurance. 
Date Published: 06/01/2003
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Supplement to Feb. 2002 Comparison of 3 NAIC RBC formulas

Joint Risk-Based Capital Work Group supplement to a February 2002 comparison of the three NAIC RBC formulas. 
Date Published: 03/01/2003
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VARWG Report on Reserve Methodology and RBC C-3 Phase 2 Approach

Variable Annuity Reserve Work Group report on reserve methodology and the RBC C-3 Phase 2 approach to the NAIC. 
Topics: NAIC
Date Published: 03/01/2003
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Report on Offset Options for Equity Indexed Annuities in Proposed Annuity Nonforfeiture Law

Report on offset options for equity indexed annuities in the proposed annuity nonforfeiture law to the NAIC. 
Topics: Annuities NAIC
Date Published: 01/27/2003
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Life Capital Adequacy Subcommittee Report on Total Adjusted Capital for Modified Coinsurance Reinsurance

Life Capital Adequacy Subcommittee issued a report on Total Adjusted Capital for Modified Coinsurance Reinsurance to the NAIC. 
Topics: NAIC Reinsurance
Date Published: 01/01/2003
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Follow-up Report on RBC Method for Indexed Separate Accounts

Life Capital Adequacy Subcommittee follow-up report on an RBC Method for Indexed Separate Accounts to the NAIC. 
Topics: NAIC
Date Published: 12/01/2002
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Report on Life Insurers' Deferred Tax Assets

Life Capital Adequacy Subcommittee report on life insurers' deferred tax assets to the NAIC. 
Topics: NAIC
Date Published: 12/01/2002
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Report on RBC Impact of Reinsurance Cessions to Unauthorized Reinsurers

Life Capital Adequacy Subcommittee report on the RBC impact of reinsurance cessions to unauthorized reinsurers to the NAIC. 
Topics: NAIC Reinsurance
Date Published: 12/01/2002
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Recommendations on Implementing C-3 Phase 2

Life Capital Adequacy Subcommittee recommendations regarding the implementation of C-3 Phase 2 to the NAIC. 
Topics: NAIC
Date Published: 12/01/2002
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Life Capital Adequacy Subcommittee Proposal on Workers' Comp Carve-Out

Life Capital Adequacy Subcommittee proposal regarding workers' compensation carve-out to the NAIC. 
Date Published: 12/01/2002
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Report on Low Interest Rates and Nonforfeiture Law for Individual Deferred Annuities

Life Products Committee report on low interest rates and nonforfeiture law for individual deferred annuities to the NAIC. 
Topics: Annuities NAIC
Date Published: 12/01/2002
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Comments on Effect of Revisions in AOMR

Life Practice Council comments regarding the effect of revisions in the Actuarial Opinion and Memorandum Regulation. 
Topics: NAIC
Date Published: 12/01/2002
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Report on Total Adjusted Capital for Modified Coinsurance Reinsurance

Life Capital Adequacy Subcommittee report on total adjusted capital for modified coinsurance reinsurance to the NAIC. 
Topics: NAIC Reinsurance
Date Published: 09/01/2002
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Report Recommendation for Adopting 2001 CSO Tables

Standard Ordinary Work Group report to the NAIC recommending the 2001 CSO tables be adopted. 
Topics: NAIC
Date Published: 09/01/2002
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Comments on Possible Changes in U.S. Solvency Framework

Life Financial Soundness/Risk Management Committee comments on possible changes in the U.S. solvency framework to the NAIC. 
Date Published: 09/01/2002
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Report on Latest Version of Actuarial Guideline MMMM

Interim Solutions Subgroup report to the NAIC containing the latest version of Actuarial Guideline MMMM. 
Topics: NAIC
Date Published: 08/02/2002
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Tax Calculations by the American Academy of Actuaries' Life-Risk Based Capital Committee's Codification Subgroup

Academy report on recommended pre-tax and after-tax factors for 2001 life RBC and Deferred Tax Assets (DTAs)/Deferred Tax Liabilities (DTLs) recognition, reflecting codification.  
Date Published: 02/28/2001
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GAAP Survey Results

Life Insurance Financial Reporting Committee comments on the New York State Insurance Department's draft survey about VAGLBs. 
Date Published: 01/24/2001
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Unified Valuation System (UVS) Compared to Existing Statutory Valuation for a Sample Company

Numerical Examples Group report compares the Unified Valuation System (UVS) to the existing statutory valuation for a sample company.  
Date Published: 06/12/2000
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