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)
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 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 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. ()
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)
In this month’s Actuarial Update, read about the Academy’s upcoming forum in Washington that will look at challenges and opportunities regarding retirement and long-term care issues. Also in this issue: the Capitol Steps will highlight the gala dinner at the Academy’s Annual Meeting and Public Policy Forum, as part of our 50th anniversary celebration; the annual Myers and Farley award winners, announced in September, will be presented at the Annual Meeting; Academy representatives visited China and Europe in September; and a Sept. 2 international health care webinar drew global interest. (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)
Pension Committee sent comments to the Pension Benefit Guaranty Corporation (PBGC) regarding the proposed changes to the §4010 reporting requirements. (September 25, 2015)
In the Fall 2015 edition of the Enrolled Actuaries Report, read about a recent federal appeals court ruling on ERISA plans; the Academy’s testimony at an Internal Revenue Service hearing on the Multiemployer Pension Reform Act of 2014; the Academy’s issue brief on Social Security’s financial condition; and more. (September 23, 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)