The American Academy of Actuaries and Society of Actuaries Joint Project Oversight Group made a presentation to the NAIC Life Actuarial (A) Task Force on the development of the 2014 VBT and CSO tables.

The Medicare Supplement Work Group submitted a report to the NAIC on recommendations for potential modifications to the Medicare Supplement refund formula.

The Medicaid Work Group sent a comment letter to the Centers for Medicare & Medicaid Services on the introduction of Sovaldi and other new  Breakthrough Therapy Designation medications and their potential impact on Medicaid costs.

The Reinsurance Committee sent comments to the National Association of Insurance Commissioners on the Uniform Application Checklist for Certified Reinsurers exposure draft.

The Contingent Annuity Issues Work Group sent a comment letter to the NAIC Contingent Deferred Annuity (A) Working Group on regulatory guidance for issuers of CDAs. 

The Academy released a new Essential Elements paper, Medicaid Overview, on the federal-state program that funds health care for millions of low-income Americans. The Essential Elements series is designed to make actuarial analyses of public policy issues clearer to general audiences.

The C-3 Work Group submitted to the NAIC Life Risk-Based Capital (RBC) Working Group an updated spreadsheet and instructions for calculating the CTE 90 RBC measure as part of the 2014 C-3 Phase 1 field test for large companies.

The Financial Regulatory Task Force submitted a comment letter to the Financial Stability and Oversight Council on the importance of actuaries in financial and insurance systems, and its perspective on updates to actuarial standards and guidance.

The Individual Disability Table Work Group provided a revised final report and actuarial guideline on a new individual disability table to the NAIC's Health Actuarial Task Force.

The Financial Reporting Committee sent comments to the Public Company Accounting Oversight Board on the draft Auditing Accounting Estimates and Fair Value Measurements staff consultation paper.

 The Individual Disability Work Group made a presentation to the NAIC’s Health Actuarial Task Force on the newly revised individual disability report and actuarial guideline.

The PBR Strategy Subgroup sent a comment letter to the NAIC PBR Implementation (EX) Task Force on an exposure draft of AG 48.

The Life Illustrations Work Group sent a comment letter to the NAIC Life Actuarial Task Force regarding the proposed actuarial guidelines for indexed universal life illustrations.

The Social Security Committee released an issue brief on the 2014 Social Security Trustees Report that examines the social insurance program’s long-term solvency and states that Congress should act soon to improve the long-term financial outlook of Social Security.

The Financial Reporting Committee (FRC) sent comments to the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) on the IASB's Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging discussion paper.

The Rate Review Practice Note Work Group released for exposure a new practice note on rate filings, review, and disclosure under the Affordable Care Act for calendar year 2015 and beyond. Comments on the exposure draft should be submitted by Oct. 27.

The Life Financial Reporting Committee released a practice note detailing practices on the treatment of value of business acquired (VOBA), goodwill, and other intangible assets under the purchase method of accounting of Generally Accepted Accounting Principles, or PGAAP.

The Profits Followed By Losses Subgroup released for exposure a new practice note on profits followed by losses in long-duration contracts. Comments on the exposure draft are due Nov. 10.

The Solvency Committee submitted comments to the National Conference of Insurance Legislators on the key priorities and principles that should be considered when developing insurance group solvency and capital standards.

Representatives of the Actuarial Climate Volatility Index Subcommittee presented “Implications for Increasing Catastrophe Volatility on Insurers and Consumers” that updated progress on the development of an Actuaries Climate Index and Actuaries Climate Risk Index at the NAIC’s Center for Insurance Policy and Research (CIPR) Symposium.