John Miller and Matt Coleman, co-chairpersons of the Annuity Reserves Work Group, presented an update to the Life Actuarial (A) Task Force on their annuity exclusion test efforts.
( )Mary Bahna-Nolan, chairperson of the Life Experience Committee, presented an update to the Life Actuarial (A) Task Force on the Delphi Study, Accelerated Underwriting, and VM-51 data elements.
( )The C1 Work Group submitted a comment letter to the Investment Risk-Based Capital (E) Working Group on alternative C1 bond factors for different levels of statutory reserve offset.
( )The AG43/C3 Phase II Work Group submitted a comment letter to the Variable Annuities Issues Working Group on proposed policyholder behavior assumptions.
( )The Macroprudential Task Force submitted a comment letter to the NAIC Liquidity Assessment (EX) Subgroup on the considerations for a liquidity stress test.
( )The AG43/C3 Phase II Work Group submitted a comment letter on the May 31 exposure of the Variable Annuities Issues Working Group Framework.
( )The Lifetime Income Risk Joint Task Force submitted a comment letter to Congress on the Lifetime Income Disclosure Act.
( )The AG43/C3 Phase II Work Group submitted a comment letter to the NAIC on the assumption governance for Actuarial Guideline 43.
( )The Life Illustrations Work Group submitted a comment letter to the California Department of Insurance on Assembly Bill 2634.
( )The Annuity Illustration Work Group submitted a comment letter to the NAIC on proposed changes to the Annuity Disclosure Model Regulation #245.
( )The Life Reserves Work Group submitted a revised APF to the NAIC on the aggregation of mortality segments for the purpose of determining credibility.
( )The C1 Work Group submitted a comment letter to the NAIC Valuation of Securities Task Force on their proposal to add comprehensive instructions for fund investments to the Purposes and Procedures Manual.
( )The Life Reserves Work Group submitted a revised APF on the Aggregation of Mortality Segments in response to comments received on their original version of the APF.
( )The RBC Tax Reform Work Group submitted its third comment letter to the NAIC Risk-Based Capital Working Group on the impact of tax reform on life RBC calculations.
( )The Life Operational Risk Work Group submitted a comment letter to the NAIC Operational Risk (E) Subgroup on incorporating prospective operational risk growth charge into the life Risk-Based Capital formula.
( )The Life Reserves Work Group submitted an APF which seeks to revise the approach in VM-20 to determine the credited rate for index accounts in the calculation of the Deterministic Reserve (DR).
( )The Life Products Committee submitted a comment letter to the NAIC Life Actuarial (A) Task Force on the exposed Actuarial Guideline, Application of Section 6 of the Standard Nonforfeiture Law for Individual Deferred Annuities Model 805.
( )The AG43/C3P2 Work Group submitted a follow-up comment letter to the NAIC Variable Annuity Issues Working Group on previously submitted recommendations to the working group.
( )The Tax Work Group published a paper on frequently asked questions about life insurance tax reserve methods and assumptions.
( )The Life Illustrations Work Group submitted a comment letter to the NAIC Life Insurance Illustration Issues Working Group on draft changes to Model #582.
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