Health Practice Financial Reporting Committee letter to Julia T. Philips, the Chair of the NAIC's Health Risk-Based Capital (RBC) Working Group, that comments on a proposal made by Blue Cross Blue Shield of Florida regarding the treatment in the NAIC RBC formulas of medical insurance products for which active life reserves are held. The letter provided initial thoughts on the matter and seeks further input from the NAIC in light of these thoughts. (May 03, 2007)
Medicare Part D RBC Subgroup comment letter to NAIC's Health Risk Based Capital Working Group on a possible update of proposed risk factors previously developed by the Academy's Medicare Part D subgroup. (May 03, 2007)
Social Security Committee comments to the Federal Accounting Standards Advisory Board (FASAB) regarding a preliminary views document on accounting for social insurance. (April 16, 2007)
Financial Reporting Committee and Actuarial Standards Board joint response to FASB on its request for comments on valuation guidance in financial reporting. (April 13, 2007)
Life Financial Reporting Committee comment letter to FASB on accounting for life insurance contracts acquired in a business combination. (April 02, 2007)
Workers’ Compensation Subcommittee comments to NCOIL about a proposed model law concerning professional employer organizations and workers' comp insurance. (March 30, 2007)
Part D Lessons Learned Work Group comment letter on what has worked well and what has not in Medicare Part D. The letter also offers recommendations to improve the overall operation and administration of the Part D program, specifically including the bidding process, management of eligibility, and coordination with Medicaid and with the Social Security Administration. (March 21, 2007)
Pension Committee comments to the Internal Revenue Service (IRS) regarding changes to the combined plan deduction limit under IRS Notice 2007-28. (March 01, 2007)
Public Plans Task Force letter to the International Public Sector Accounting Standards Board (IPSASB) regarding Exposure Draft (ED) 31, Employee Benefits. (February 28, 2007)
Health Practice Council comment letter to members of the House and Senate on the actuarial implications of restricting insurers' use of genetic information. (February 16, 2007)
Risk Management and Solvency Committee comments on a 2007 version of an IAIS paper regarding a common structure for insurer solvency assessment. (January 05, 2007)
Health Practice Council comments that urge CMS to reconsider the one-role-per-user rule for actuaries for Part D attestations and to investigate alternatives that would not prevent actuaries from fulfilling their actuarial obligations. (December 19, 2006)
Life Reserves Work Group summary of changes made in all three documents: AG DIS, AG PBR-VAL, and draft model regulation on principle-based life reserving. (December 01, 2006)
Updated Actuarial Guideline PBR-VAL from the Life Reserves Work Group presented to the National Association of Insurance Commissioners’ Life and Health Actuarial Task Force. (December 01, 2006)
Subgroup on Long-Term Care Experience Forms comments to the NAIC regarding American Council of Life Insurers (ACLI) Proposed Recommendation to Report Non-Exempt LTC accelerated-type products. (November 17, 2006)
Pension Committee discussion paper to the Internal Revenue Service (IRS) and Department of the Treasury regarding the use of substitute mortality tables. (November 06, 2006)
Risk Management and Solvency Committee comments to the IAIS on its paper "Common Structure for the Assessment of Insurer Solvency." (November 01, 2006)
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. (September 09, 2006)
Pension Committee letter to the Department of Labor (DOL) expressing objections to the proposed addition of an asset information question to Form 5500 Schedule B. (September 04, 2006)
Life Products Committee report to the NAIC's Life and Health Actuarial Task Force on short term changes needed to the standard nonforfeiture laws. (September 01, 2006)
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 principle-based life reserving, and summary of changes to the NAIC's Life and Health Actuarial Task Force. (September 01, 2006)
Annuity Reserve Work Group report to the NAIC's Life and Health Actuarial Task Force regarding principle-based reserves for non-variable annuities. (September 01, 2006)
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. (September 01, 2006)
Risk Management and Financial Reporting Council letter to congressional leaders on the legislative definition of a qualified risk manager under Nonadmitted and Reinsurance Reform Act of 2006 (H.R. 5637). (September 01, 2006)
Pension Practice Council letter to the Internal Revenue Service (IRS) requesting technical guidance on regulatory issues related to IRS Circular 230. (August 29, 2006)
Joint American Academy of Actuaries/Society of Actuaries Review Team report to the NAIC's Life and Health Actuarial Task Force regarding a review of the interim mortality tables developed by Tillinghast and proposed for use by the ACLI. (August 29, 2006)