Webinar: Understanding LTC Rate Stability
Oct. 31, 2012
Noon–1:00 p.m. Eastern
This webinar, Understanding LTC Rate Stability, provided important information for pricing actuaries when completing an actuarial certification related to pricing long-term care insurance (LTCI) policy forms under the rate stability provisions of the NAIC’s long-term care model regulation. The presenters provided an overview of the updated Academy practice note and answered questions on topics covered in the note, including:
- Overview of the of the requirements on the pricing actuary
- Process for pricing initial premium rates
- Process for preparing premium rate increases for in-force policies
- Reporting requirements for rate filings and certifications
PRESENTERS
- Missy Gordon, MAAA, FSA, Member, Long-Term Care Practice Note Work Group
- Warren Jones, MAAA, FSA, FCA, Chairperson, Long-Term Care Practice Note Work Group
- Shawna Meyer, MAAA, FSA, Member, Long-Term Care Practice Note Work Group
- Moderator: Tom Wildsmith, MAAA, FSA, Vice President, Health Practice Council
CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that your attendance at this live webinar, “Understanding LTC Rate Stability,” constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States depending upon your area of practice. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
