The Pension Finance Task Force sent a letter to the Financial Accounting Standards Board (FASB) that provides suggestions, based on financial economics, to improve accounting for single employer pension plans, an issue that FASB may consider revisiting. (September 26, 2013)

Speakers provide a series of vignettes demonstrating how to apply the Code of Professional Conduct and ASOPs with care and skill. Precept 3 and ASOP No. 41, Actuarial Communications, are used to showcase real-life scenarios. Speakers then discuss key takeaways and steps for heightening the level of professionalism in daily work, including documentation and communication. (October 31, 2013)

Health Care Receivables Factors Work Group makes a presentation to the Valuation Actuarial Symposium on the NAIC Health Annual Statement's new Exhibit 3A, which provides guidelines for health care receivables. (September 24, 2013)

The Pension Committee sent comments to the Internal Revenue Service regarding the Annual Return/Report of Employee Benefit Plan (Form 5500) that focus on the electronic submission of data on Schedules SB and MB. The committee applauds the electronic filing mandate, but raises concerns over how to ensure reliability of the data and suggests sample reviews to ensure better accuracy. (September 23, 2013)

Academy/SOA Individual Disability Table Work Group presents update to the Disability Insurance & Long-Term Care Insurer's Forum on work being done to complete the individual disability table. (September 20, 2013)

The C-3 Work Group presented its recommendation of potential alternatives to C-3 Phase 1 to the NAIC Life Risk-Based Capital (E) Working Group. (September 18, 2013)

The Life Practice Council presented a webinar reviewing the NAIC Summer 2013 National Meeting and progress on the principle-based approach (PBA) to life reserves. The September  19 webinar included a Summer 2013 LATF update, annuity reserve developments for non-variable annuities, and a professionalism update. (September 19, 2013)

Congratulations to Albert Beer, Thomas Campbell, Audrey Halvorson, and Annie Voldman. The Academy received a record number of votes this year with 21.4% participation for a total of 3,844 members who voted. Read more now. (September 17, 2013)

The Terrorism Risk Insurance Subcommittee submitted comments to the Federal Insurance Office on the long-term availability and affordability of insurance for terrorism risk. (September 16, 2013)

The Joint Economic Scenario Generator Project Oversight Group of the American Academy of Actuaries and the Society of Actuaries updated a list of Frequently Asked Questions for Version 7 of the interest rate generator for life insurance products.  (September 12, 2013)

Earn up to 27 hours of Continuing Education credits while taking in topical sessions with the most current research, regulation updates, and practical case studies from the U.S. and around the world. With hundreds of sessions and networking events to choose from, attendees can customize their ICA experience to fit their own professional needs. See what's relevant for U.S. actuaries, and register today. ()

Learn what’s new and find out what has been updated in the Academy’s practice note, “Large Group Medical Insurance Reserves, Liabilities, and Actuarial Assets,” which provides information for valuation actuaries regarding their responsibilities relating to the determination of reserve levels and other actuarial assets and liabilities for large group medical insurance coverage. The Sept. 27 webinar topics will include the definition of large group medical business; funding arrangements that are currently being used; pertinent regulatory and legislative issues; and asset adequacy analysis. (September 09, 2013)