Nonforfeiture Modernization Working Group (NMWG) presentation on gross premium nonforfeiture method to the Life Actuarial Task Force at the NAIC Fall 2015 National Meeting. (
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P/C Risk-Based Capital Committee comments to the NAIC’s Capital Adequacy Task Force on the ongoing examination of the bond risk factors used in the P/C risk-based capital (RBC) formula. (
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Solvency Committee comments to the National Association of Insurance Commissioners on the Group Capital Calculation Recommendation exposure draft. (
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Price Optimization Task Force comments to the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF) on its Price Optimization White Paper that was exposed on Oct. 13.
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Life Reserves Work Group amendment proposal to the NAIC regarding the definition and clarification of the term “modeled reserve” in the VM-20. (
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Life Reserves Work Group amendment proposal to the NAIC regarding the removal of references to the “seriatim reserve” in the Valuation Manual. (
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Nonforfeiture Modernization Work Group comments related to cancellation benefits on contingent deferred annuities (CDAs) to the NAIC CDA (A) Working Group (CDAWG). (
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AG 43/C-3 Phase II Work Group comments on the "Variable Annuities Framework for Change" to the NAIC’s Variable Annuities Issues (E) Working Group. (
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Reinsurance Committee comments to the National Association of Insurance Commissioners (NAIC) on the draft Certified Reinsurers and Passporting Public Document. (
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Price Optimization Task Force comments to the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF) on its Price Optimization White Paper, which was exposed at the NAIC’s summer national meeting. (
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C-1 Work Group report and presentation to the NAIC’s Investment Risk-Based Capital Working Group on C-1 factors for corporate bonds.
( )Solvency Committee presentation to the National Association of Insurance Commissioners (NAIC) on the practical implications of using a 99.5 percent Value at Risk (VaR) over a one-year time horizon for valuation purposes. (
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Long-Term Care Terminations Work Group update to NAIC's Long-Term Care Actuarial Working Group on the progress in gathering data on terminations for long-term care insurance.
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Cancer Claims Cost Tables Work Group presentation to the NAIC's Health Actuarial Task Force on the progress of the valuation table and expected next steps. (
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Academy representatives Richard Daillak and Mary Bahna-Nolan presentation at NAIC Life Actuarial (A) Task Force at the NAIC Summer 2015 National Meeting. Mr. Daillak, Chair of the Life Reinsurance Work Group, presented on Treatment of YRT reinsurance in Stochastic Exclusion Ratio Testing. Ms. Bahna-Nolan, Chair of the Life Practice Council, discussed the topic of accelerated underwriting.
( )Long-Term Care Principle-Based Work Group Update on the progress for developing a principle-based approach model and a timeline for completion to NAIC's Long-Term Care Actuarial Working Group. (
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Life Illustrations Work Group educational paper describing various bonus structures and the illustration Disciplined Current Scale (DCS) supportability testing for life insurance products subject to the NAIC Life Insurance Illustrations Model Regulation.
( )Long-Term Credibility Monograph Work Group update on the development of a monograph that addresses long-term care credibility issues to NAIC's Long-Term Care Actuarial Working Group. (
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Nonforfeiture Modernization Work Group update on the group's activities to the NAIC Life Actuarial (A) Task Force at the NAIC 2015 Summer Meeting. (
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Reinsurance Work Group presentation on the treatment of yearly renewable term (YRT) reinsurance in a stochastic exclusion ratio test (SERT) to the NAIC Life Actuarial (A) Task Force at the NAIC 2015 Summer Meeting. (
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American Academy of Actuaries and Society of Actuaries Preferred Mortality Oversight Group presentation to the NAIC Life Actuarial (A) Task Force on guaranteed issue, simplified issue, and preneed. The update focused on the accelerated underwriting component. (
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Solvency Committee comments to the National Association of Insurance Commissioners (NAIC) on the Discussion Draft on Approaches to a Group Capital Calculation dated July 23, 2015. (
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Price Optimization Task Force comments to NAIC’s Casualty Actuarial and Statistical Task Force (CASTF) on the recommendations section of its “Price Optimization White Paper.”
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Terrorism Risk Insurance Subcommittee comments to NAIC’s Blanks Working Group on its terrorism risk insurance supplement and instructions draft.
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The Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council comments to the National Association of Insurance Commissioners (NAIC) on its Financial Condition (E) Committee questionnaire that examines the reasons for single-state solutions to help regulators develop a process for creating a uniform framework for state-based regulation. (
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Terrorism Risk Insurance Subcommittee comments to NAIC on its “Terrorism Risk Insurance Supplement and Instructions” draft.
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Price Optimization Task Force comments to NAIC’s Casualty Actuarial and Statistical Task Force (CASTF) on the second exposure of its “Price Optimization White Paper.”
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Academy comments to NAIC’s Casualty Actuarial and Statistical Task Force on its review of the Society of Actuaries’ (SOA) general insurance track request. (
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Annuity Reserves Work Group Report to the NAIC's VM-22 (A) Subgroup on the uses of the representative scenarios method (RSM) for calculating annuity reserves. (
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Deposit Fund Subgroup letter to NAIC Life Actuarial (A) Task Force recommending edits to model regulation 695 concerning synthetic guaranteed investment contracts (GICs). (
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