The Life Capital Adequacy Committee (LCAC) sent a comment letter to the NAIC Life Risk-Based Capital (E) Working Group regarding exposure drafts related to the XXX/AXXX reinsurance framework. (January 29, 2015)
The Academy issued a news release Tuesday calling on the president and the 114th Congress to commit to a focus on addressing the needs of an aging America, including retirement security and lifetime income, health care and long-term care for the elderly, and public programs such as Social Security and Medicare. (January 20, 2015)
Janet Barr, former chairperson of the Academy’s Social Security Committee, submitted post-hearing testimony to the U.S. Senate Committee on Finance following its hearing on “Social Security: Is a Key Foundation of Economic Security Working for Women?” (January 15, 2015)
In this month’s HealthCheck, read about a letter the Academy’s Risk Sharing Work Group submitted to the U.S. Department of Health and Human Services on a proposed rule on benefit and payment parameters for 2016, Academy updates to the NAIC, health insurance implications of the recently signed omnibus spending bill, and more. (January 14, 2015)
Pension Practice Council (PPC) sent a letter to Treasury Department regarding the benefits of allowing qualified defined benefit pension plans to provide longevity annuities directly, rather than requiring them to purchase an insurance contract. (January 14, 2015)
Pension Committee sent a comment letter to the PBGC regarding interpretation of plan provisions governing actuarial equivalence. (January 13, 2015)
On January 7, the Academy filed an Opposition to the lawsuit served against the Academy by Mark Freedman, former president of the SOA. So that our members may be kept informed, we are posting our Opposition filing to Mr. Freedman’s Motion for Preliminary Injunction here. (January 09, 2015)
The Life Illustrations Work Group sent a letter to the NAIC Life Actuarial (A) Task Force regarding principles for a sound actuarial guideline on illustrations of life insurance products. (January 08, 2015)
Life Capital Adequacy Committee, Property and Casualty Risk-Based Capital Committee, and Health Solvency Work Group comments to the National Association of Insurance Commissioners (NAIC) on operational risk issues. (January 07, 2015)