The Individual and Small Group Markets Committee and its Risk Sharing Subcommittee comments to the Centers for Medicare & Medicaid Services (CMS) on the Proposed Notice of Benefit and Payment Parameters for 2022.
(December 30, 2020)The Life Practice Council's Life Underwriting and Risk Classification Work Group letter to the NAIC Life Insurance and Annuities (A) Committee on state regulatory and legislative actions in regards to life insurance underwriting implications of COVID-19.
(December 18, 2020)The Life Practice Council's Life Underwriting and Risk Classification Work Group letter to the NAIC Life Insurance and Annuities (A) Committee on state regulatory and legislative actions in regards to life insurance underwriting implications of COVID-19.
(December 18, 2020)Mary Bahna-Nolan submitted a statement to the NAIC's Special (EX) Committee for Race and Insurance, Workstream #4.
(December 10, 2020)Data Science and Analytics Committee (DSAC) Chair, Dorothy Andrews, addressed the issue of Race in Insurance Underwriting in a meeting convened by the National Council of Insurance Legislators and shared an update on the DSAC's work on the topic.
(December 09, 2020)Data Science and Analytics Committee (DSAC) Chair, Dorothy Andrews, addressed the issue of Race in Insurance Underwriting in a meeting convened by the National Council of Insurance Legislators and shared an update on the DSAC's work on the topic.
(December 09, 2020)The Health Practice Council’s Health Equity Work Group comments to the National Association of Insurance Commissioners (NAIC) highlighting their efforts to facilitate solutions to address health disparities.
(December 04, 2020)Lauren Cavanaugh, VP-Casualty, submitted written comments on proposed legislation to provide federal government backing for future pandemic risk coverage in Business Interruption insurance.
(December 02, 2020)The Health Practice Council’s Long-Term Care (LTC) Reform Subcommittee Task Force to Review ASOP No. 22 comments on the proposed revision of Actuarial Standard of Practice (ASOP) No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities (the "Second Exposure Draft").
(December 01, 2020)The Life Practice Council’s Task Force to Review ASOP No. 22 comments to the Actuarial Standards Board on the exposure draft of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities.
(November 30, 2020)The Financial Reporting Committee and Life Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) regarding indexing and modco embedded derivatives.
(November 23, 2020)Lifetime Income Risk Joint Committee comment letter to Department of Labor Employee Benefits Security Administration on an interim final regulation with request for comments regarding pension benefit statements and lifetime income illustrations.
(November 17, 2020)The Life Practice Council's ASOP No. 2 Practice Note Task Force's comments to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 2, Nonguaranteed Elements for Life Insurance and Annuity Products (the "Second Exposure Draft").
(November 13, 2020)Comments from the Individual and Small Group Markets Committee to the Center for Consumer Information & Insurance Oversight (CCIIO) expressing concerns on the claims data updates finalized in the 2021 Actuarial Value (AV) Calculator. These comments are for consideration in preparing the draft 2022 AV Calculator.
(November 12, 2020)The Financial Reporting Committee comments to the American Institute of Certified Public Accountants (AICPA) regarding Targeted Improvements to Long-Duration Contracts Implementation Issue 11AC (ceded reinsurance), to be included in the Audit and Accounting Guide: Life and Health Insurance Entities.
(September 23, 2020)The Committee on Property and Liability Financial Reporting has submitted comments to the NAIC's Actuarial Opinion Working Group, suggesting some changes to the wording the Financial Examiners Handbook.
(August 27, 2020)Multiemployer Plans Committee letter to Internal Revenue Service commenting on a proposed form for reporting the annual actuarial certification for multiemployer defined benefit plans.
(August 24, 2020)Senior Casualty Fellow Rich Gibson submitted comments on the latest draft of the National Association of Insurance Commissioners' proposed white paper on Regulatory Review of Predictive Models.
(July 27, 2020)Life Underwriting and Risk Classification Work Group follow-up letter to the NAIC Accelerated Underwriting (A) Working Group after June 18, 2020 presentation.
(July 22, 2020)Comments from the Pension Committee, Multiemployer Plans Committee, and Public Plans Committee to the Actuarial Standards Board regarding the second exposure draft of Actuarial Standard of Practice No. 4, Measuring Pension Obligations and Determining Pension Costs or Contributions.
(July 20, 2020)The Risk Sharing Subcommittee filed comments with the Department of Health and Human Services and the Centers for Medicare and Medicaid Services on exposed Amendments to the HHS-Operated Risk Adjustment Data Validation Under the Patient Protection and Affordable Care Act’s HHS-Operated Risk Adjustment Program.
(July 02, 2020)The Health Practice Council and its Task Force to Review Actuarial Standard of Practice (ASOP) 11 filed a comment on the Actuarial Standards Board exposure draft, Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports.
(July 02, 2020)The Casualty Practice Council commented on H.R. 7011, a proposal to facilitate expansion of Business Interruption coverage to include future pandemic events.
(June 26, 2020)Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on the ACLI redline of AG 49A.
(June 15, 2020)The Academy's Cyber Risk Task Force commented to the Government Accountability Office on the question of how cyber-attacks may be addressed under the Terrorism Risk Insurance Act.
(June 01, 2020)C-2 Longevity Risk Work Group (formerly Longevity Risk Task Force) comment letter to the NAIC Life Risk-Based Capital Working Group on the exposed alternative factors for longevity.
(May 29, 2020)Tax Work Group comment letter to the Internal Revenue Service on proposed regulation on changes to the computation of life insurance reserves for income tax reporting.
(May 28, 2020)Life Illustrations Work Group letter to NAIC Life Actuarial (A) Task Force on the "Independent Proposal".
(May 27, 2020)Comment letter submitted to House leadership regarding pension provisions of H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”).
(May 15, 2020)The Committee on Property and Liability Financial Reporting submitted comments to the National Association of Insurance Commissioners, regarding proposed instructions for the 2020 Statement of Actuarial Opinion for P&C companies.
(May 11, 2020)