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

Economic Scenario Generator Subcommittee Presents to LATF

The Economic Scenario Generator Subcommittee presented to the NAIC’s Life Actuarial (A) Task Force on acceptance criteria for interim rate levels.   
Topics: NAIC
Date Published: 09/14/2023
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Subcommittee Presents to Risk-Based Capital Investment Risk and Evaluation (E) Working Group

The C1 Subcommittee presented to NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on principles for structured securities RBC.  
Date Published: 08/13/2023
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Economic Scenario Generator Subcommittee Presents to LATF

The Economic Scenario Generator Subcommittee presented to the NAIC’s Life Actuarial (A) Task Force on interest rate acceptance criteria at the NAIC Summer National Meeting in Seattle, WA.  
Topics: NAIC
Date Published: 08/11/2023
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Academy Committee and SOA Oversight Advisory Council Submit Presentation to LATF

The Academy’s Life Experience Committee and the SOA’s Mortality and Longevity Oversight Advisory Council (MLOAC) presented to the National Association of Insurance Commissioners’ Life Actuarial...
Topics: NAIC
Date Published: 08/10/2023
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White Paper on Pre-Tax vs. Post-Tax Maintenance Reserves in Stochastic Principle-Based Reserves

The Life Valuation Committee released a white paper, Pre-Tax vs. Post-Tax Maintenance Reserves in Stochastic Principle-Based Reserves. The paper discusses considerations of using various interest...
Date Published: 08/04/2023
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Academy Presents to ERISA Advisory Council

Academy Senior Life Fellow Nancy Bennett and Paul Navratil, chairperson of the Life Investment and Capital Adequacy Committee, presented to the U.S. Department of Labor’s ERISA Advisory Council...
Date Published: 07/17/2023
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Life Work Group Comments on ILVA Product Standards

The Life Index-Linked Variable Annuity (ILVA) Work Group submitted a comment letter to the ILVA Subgroup of the Product Standard Committee Interstate Insurance Product Regulation Commission on 2023...
Date Published: 07/13/2023
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Work Group Comments to LATF on APF 2023-06

The Life Reserves Work Group submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on the extended April 20 exposure of APF 2023-06.  
Topics: NAIC
Date Published: 06/16/2023
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Committee Releases Resource and Discussion Guide on Investments

The Life Experience Committee released a Resource and Discussion Guide on an Actuarial Review of Investments in Actuarial Modeling.  
Date Published: 06/12/2023
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Committee Comments to LATF on Actuarial Reporting Template for IMR

The Life Valuation Committee submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force on the Optional AOM and PBR Actuarial Reporting Template for Interest Maintenance Reserve.  
Topics: NAIC
Date Published: 06/09/2023
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Committee Comments on Net Negative IMR

The Life Valuation Committee submitted a comment letter to the NAIC’s Statutory Accounting Principles Working Group on 2023 Net Negative (Disallowed) Interest Maintenance Reserve (INT 23-01T).  
Topics: NAIC
Date Published: 06/09/2023
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Work Group Releases White Paper on Changes to Definitions of Life Insurance

The Tax Work Group released a white paper, 2017 and 2021 Legislative Changes to the Definition of Life Insurance, that focuses on summarizing changes to the relevant sections of sections 7702 and...
Topics: Life Insurance
Date Published: 05/18/2023
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Work Group Comments to RBCIREWG on Exposure 2023-09-IRE

The C1 Work Group submitted a comment letter to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on Exposure 2023-09-IRE – Interim Residual Tranche C1 Factor.  
Date Published: 05/12/2023
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Work Group Comments to LATF on APF 2023-06

The Life Reserves Work Group submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on the April 20 exposure of APF 2023-06.  
Topics: NAIC
Date Published: 05/12/2023
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Work Group Comments to Product Standard Committee on ILVA Product Standards

The Index-Linked Variable Annuity Work Group submitted a comment letter to the ILVA Subgroup of the Product Standard Committee Interstate Insurance Product Regulation Commission on 2023 Compact...
Date Published: 05/05/2023
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Work Group Comments to LATF on APF 2023-03

The Life Reserves Work Group (LRWG) submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on proposed changes to VM-20 outlined in APF 2023-03 (Part 1).  
Topics: NAIC
Date Published: 04/19/2023
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Work Group Comments to LATF on APF 2023-05

The Variable Annuity Reserve and Capital Work Group (VARCWG) submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on APF 2023-05; specifically, hedging language to address...
Topics: NAIC
Date Published: 04/19/2023
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Committee Comments to LATF on Bond Risk Measures

The Life Valuation Committee submitted a comment letter to the National Association of Insurance Commissioners' Life Actuarial (A) Task Force (LATF) on the Valuation of Securities (VOSTF) Task...
Date Published: 04/13/2023
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Life Practice Council Submits Presentation to NAIC Life Actuarial (A) Task Force

The LPC gave a presentation to the Life Actuarial (A) Task Force (LATF) at the National Association of Insurance Commissioner’s Spring National Meeting on current and future LPC workstreams.
Topics: NAIC
Date Published: 03/20/2023
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Committee Releases White Paper on Long-Duration Targeted Improvements (LDTI)

The Life Financial Reporting Committee released a white paper, FASB Long-Duration Targeted Improvements—A Discussion of Enhanced Disclosures, which focuses on certain considerations in implementing...
Date Published: 03/09/2023
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