Subgroups of the Life Practice Council gave presentations to the NAIC’s Life Actuarial Task Force regarding development of an aggregate margin and mortality studies, submitted reports on nonforfeiture modernization and, synthetic guaranteed investment contracts and proposed amendments to VM-20 regarding policy loans, deterministic reserve and pre-tax investment maintenance reserve. (April 04, 2013)
The Property/Casualty Risk-Based Capital Committee provided a report to the NAIC’s Property/Casualty Risk-Based Capital Working Group on the reinsurance credit risk charge in NAIC Property/Casualty Risk-Based Capital. (March 29, 2013)
The Casualty, Health, Life, and Professionalism Councils sent comments to the NAIC’s Joint Qualified Actuary (A/B/C) Subgroup in response to its request for comments to a list of nine questions in anticipation of the Subgroup’s meeting at the NAIC Spring National Meeting on April 5, 2013. (March 28, 2013)
Join us to learn more about the recently released minimum value (MV) calculator—an important component of the Affordable Care Act (ACA) implementation. The American Academy of Actuaries will hold this free webinar with representatives from the Center for Consumer Information and Insurance Oversight (CCIIO), who will provide a brief demonstration of the calculator and then answer YOUR questions about the MV calculator. (March 28, 2013)
The Annuity Illustration Work Group submitted comments to the Iowa Insurance Division on its March 18 draft memorandum, Annuity Illustrations; 191 Iowa Administrative Code rules 15.61-.69, based upon the new NAIC Annuity Disclosure Model Regulation. (March 22, 2013)
The newly formed Long-Term Care Terminations Work Group sent a letter to the NAIC announciing the work group's formation and its charge to gather data on terminations in long-term care insurance. (March 15, 2013)