The Public Plans Subcommittee submitted comments to the Governmental Accounting Standards Board on the exposure draft on Pension Issues—an amendment of GASB Statements No. 67, No. 68 and No. 73. (February 12, 2016)
The February issue of HealthCheck includes a call for volunteers for the HPC Communications Committee, highlights the health-related items in President Obama’s fiscal year 2017 budget proposal, covers three recent Academy webinars on health care issues, and notes several work groups’ comment letters to the NAIC. (February 10, 2016)
The Academy has launched the U.S. Qualification Standards Attestation Form, which was developed to help actuaries voluntarily demonstrate how they meet the U.S. Qualification Standards (USQS) specific requirements for signing NAIC annual life, health, and property & casualty statements of actuarial opinion (SAOs). If you do not issue NAIC annual statements, you can still use the Attestation Form to attest to the general qualifications of the USQS. Read more about the Attestation Form here. To go directly to the form, click here. (January 13, 2016)
Senior Property/Casualty Fellow Jim MacGinnitie submitted comments to the NAIC/IAIABC Joint (C) Working Group on the 2015 Workers’ Compensation Large Deductible Study draft. (February 05, 2016)
The Committee on Property and Liability Financial Reporting (COPLFR) submitted comments to the NAIC's Statutory Accounting Principles (E) Working Group on the proposed Treatment for Fees Incurred for Salvage/Subrogation Recoveries. (February 03, 2016)
The ERM/ORSA Committee released a public-policy overview on the role of regulatory actuaries in reviewing Own Risk and Solvency Assessment (ORSA) reports. (February 01, 2016)
In the latest issue of Actuarial Update, read about the Academy’s new U.S. Qualification Standards (USQS) Attestation Form, and Immediate Past President Mary D. Miller’s column on the “team effort” it took to complete it. Also in this issue: the Academy names a new senior pension fellow, Ted Goldman; Contingencies, HealthCheck, and the Winter EAR were released; the Professionalism Counts column covers available USQS resources; and Life & Health and P/C law manuals are available. (February 01, 2016)
The Actuarial Guideline 43/C-3 Phase II Work Group submitted comments to the NAIC on the variable annuities blanks proposal exposed on Nov. 19. (January 29, 2016)
The Life Illustrations Work Group (LIWG) submitted comments to the NAIC’s Life Insurance and Annuities (A) Committee on the new working group formed to explore disclosures required in Model #580 and #582. (January 29, 2016)
The Committee on Property and Liability Financial Reporting (COPLFR) submitted comments to the NAIC/IAIABC Joint (C) Working Group on the 2015 Workers’ Compensation Large Deductible Study draft. (January 19, 2016)
In the Winter 2015-16 edition of the Enrolled Actuaries Report, read about concerns over the long-term health of multiemployer pension plans; find out more about pension sessions and plenary speakers at the Academy’s 2015 Annual Meeting and Public Policy Forum; see what the Pension Practice Council wrote in comments to the IRS and Treasury Department on Qualified Longevity Annuity Contracts (QLACs); and examine the annual updated Social Security and IRS tables. (January 28, 2016)
The Medicare Subcommittee sent a letter to the Senate Finance Committee with comments on the Bipartisan Chronic Care Working Group’s Policy Options Document. (January 26, 2016)
The Solvency Committee submitted comments to the International Association of Insurance Supervisors (IAIS) on the Non-traditional Non-insurance Activities and Products public consultation document dated November 25, 2015. (January 25, 2016)