The Pension Committee submitted a comment letter to the AICPA Employee Benefit Expert Panel on the current ASC 960 reporting standards for defined benefit pension plans.

The Pension Practice Council sent a comment letter to the Missouri State Employees’ Retirement System Board regarding the newly-adopted Terminated-Vested Member Buyout Program.

The Non-Guaranteed Elements Work Group submitted a comment letter to the NAIC’s Life Insurance Buyer’s Guide (A) Working Group regarding the Life Insurance Buyer’s Guide Discussion Draft.

The Committee on Property and Liability Financial Reporting sent a comment letter to the NAIC's Actuarial Opinion Working Group on the possible effects of recent life insurance Valuation Manual changes on Statements of Actuarial Opinion of P/C insurers whose reports include accident and health (A&H) or long-term care (LTC) lines of business.

The Life Reinsurance Work Group sent comments to the NAIC's Statutory Accounting Principles (E) Working Group on exposure draft 2017-28 relating to “Reinsurance Risk Transfer”.

The C1 Work Group sent comments to the NAIC’s Investment Risk-Based Capital (E) Working Group on capital requirements for bonds.

The Committee on Property and Liability Financial Reporting submitted a comment letter to the NAIC’s Statutory Accounting Working Group, expressing concerns over a proposed new definition of reinsurance risk transfer in SSAP No. 62R: Property and Casualty Reinsurance. The letter says that the proposal needs further study and evaluation.

The Asset Adequacy Analysis Practice Note Work Group released a new practice note to assist practicing life actuaries faced with the requirement of asset adequacy analysis.

The Health Practice Council sent comments to U.S. Senate Leadership on the Graham-Cassidy-Heller-Johnson Proposal (GCHJ), which would make revisions to the individual health insurance market and approaches to federal Medicaid funding. 

The PBR Governance Work Group’s VM-31 Review Subgroup sent comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the exposed VM-31 Amendment Proposal Form (APF).

The Health Practice Council sent a letter to U.S. Senate HELP Committee on efforts to stabilize the individual health insurance market.

The Solvency Committee submitted comments to the NAIC's Group Capital Calculation (E) Working Group on the group capital calculation and the proposed treatment of captives.

The Academy sent a letter to members of Congress regarding the importance of an actuarial perspective on tax reform proposals and discussions.

The Casualty Practice Council sent a letter to members of the U.S. House of Representatives urging reauthorization and reform of the National Flood Insurance Program.

The Financial Reporting Committee submitted comments to the Public Company Accounting Oversight Board’s (PCAOB) on their proposed amendments to auditing standards for auditor’s use of the work of specialists.

The Life Reserves Work Group (LRWG) submitted a comment letter on term insurance riders to the NAIC's Life Actuarial Task Force (LATF) regarding VM Maintenance Agenda Item 2017-40.

The Casualty Practice Council sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs urging reauthorization and reform of the National Flood Insurance Program. Read the news release.

The Academy's Principle-Based Reserving Review Procedures Work Group submitted a comment letter to the NAIC's Financial Examiners Handbook Technical Group regarding the exposure of proposed changes to the Financial Condition Examiners Handbook.