The Academy held a forum on issues surrounding aging securely at the U.S. Capitol that explored long-term care, lifetime income, and the sustainability of public programs like Medicare and Social Security.
(October 23, 2015)The Medicare Subcommittee released an issue brief that examines the potential for Medicare Advantage plans to improve quality of care at lower prices as part of its Medicare@50 series.
(October 23, 2015)The Long-Term Care (LTC) Reform Subcommittee released issue briefs on LTC insurance portability, product design flexibility, and pricing flexibility as part of its new series on LTC issues.
(October 23, 2015)The Lifetime Income Risk Joint Task Force released three issue briefs in the Risky Business series: one explores financial literacy and education for prospective retirees, and refocused plan design and federal retirement policies; another provides actuarial insights regarding lifetime income planning; and a third examines risk sharing by retirees. The task force also released an issue brief that explains general retirement planning considerations, and another designed to provide a high-level perspective on key aspects related to lifetime income.
(October 22, 2015)The Price Optimization Task Force submitted a comment letter to the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF) on its Price Optimization White Paper that was exposed on Oct. 13.
(October 21, 2015)The Life Reserves Work Group submitted an amendment proposal to the NAIC regarding the removal of references to the “seriatim reserve” in the Valuation Manual.
(October 21, 2015)The Life Reserves Work Group submitted an amendment proposal to the NAIC regarding the definition and clarification of the term “modeled reserve” in the VM-20.
(October 21, 2015)The Nonforfeiture Modernization Work Group submitted additional comments related to cancellation benefits on the Draft Contingent Deferred Annuity (CDA) Cancellation of Benefits Document to the NAIC CDA (A) Working Group.
(October 20, 2015)The AG 43/C-3 Phase II Work Group submitted comments on the "Variable Annuities Framework for Change" to the NAIC Variable Annuities Issues (E) Working Group.
(October 16, 2015)Read the newest edition of PBA Perspectives, the Academy’s quarterly update on regulatory, legislative, and Academy activities surrounding the implementation of the Principle-Based Approach (PBA) for life insurance.
(October 06, 2015)The Active Benefits Subcommittee sent a letter to the IRS regarding Notice 2015-52 on the excise tax for high-cost employer-sponsored health coverage under the Affordable Care Act (ACA).
(October 01, 2015)The Life Illustrations Work Group (LIWG) submitted comments to the Life Insurance and Annuities (A) Committee regarding possible life insurance policy illustration issues that could be reviewed by the proposed Illustration Review (A) Working Group.
(September 30, 2015)The Principle-Based Reserves Strategy Subgroup submitted comments to the Reinsuirance Task Force on the exposure draft, Non-Universal Life and Universal Life With Secondary Guarantees Credit for Reinsurance Model Regulation.
(September 30, 2015)The Solvency Committee submitted written testimony for the U.S. House Financial Services Subcommittee on Housing and Insurance's hearing on "The Impact of Domestic Regulatory Standards on the U.S. Insurance Market."
(September 29, 2015)The VM-22 drafting subgroup of the Annuity Reserve Work Group (ARWG) submitted comments to LATF’s VM-22 subgroup on draft sections of VM-22 that cover all non-variable annuities and deposit funds.
(September 29, 2015)The C1 Work Group (C1WG) provided comments on the ACLI’S proposal, Life Insurer C-1 Asset Risk-Based Capital Requirement – Real Estate,” which was exposed by the NAIC Investment Risk-Based Capital Working Group.
(September 29, 2015)Pension Committee sent comments to the Pension Benefit Guaranty Corporation (PBGC) regarding the proposed changes to the §4010 reporting requirements.
(September 25, 2015)The Premium Review Work Group sent a letter to CCIIO with suggested changes to the unified rate review template (URRT) and rating methodology.
(September 22, 2015)In the Fall 2015 edition of Retirement Account, read about the issue brief on cost recognition by the Pension Accounting Committee and Pension Committee; the ASB public hearing on public pension policy; the Social Security Committee’s issue brief on the Disability Insurance Trust Fund; news and announcements on upcoming Academy pension events, and more.
(September 18, 2015)The Life Practice Council (LPC) submitted comments to the NAIC’s Principle-Based Reserving Implementation (EX) Task Force on its “Substantially Similar Terms and Provisions” to Determine the Valuation Manual Operative Date exposure draft.
(September 17, 2015)
