The Health Practice Council co-signed a second letter with the Committee on Qualifications Chair to the Arizona insurance director stressing its concern that their regulatory definition of “qualified actuary” for health premium rate actuarial certifications was inappropriate and suggested corrective language. ()
The Committee on Qualifications co-signed a second letter with the health practice council Vice President to the Arizona insurance director stressing its concern that their regulatory definition of “qualified actuary” for health premium rate actuarial certifications was inappropriate and suggested corrective language. (February 10, 2012)
The Academy was cited several times during the Feb. 1 debate on the floor of the U.S. House of Representatives on the repeal of the CLASS Act (the long-term care program included in the Affordable Care Act). Log in to read the health Alert reporting on the House repeal of the program. (February 02, 2012)
A valuable benefit of Academy membership is free and unlimited access to the Council on Professionalism’s entire—and growing—library of professionalism webinars, which date back to September 2007. Academy members can earn continuing education (CE) credits by listening to these pre-recorded webinars. These credits can be counted toward the annual required three hours of continuing education on professionalism topics, as detailed in the U.S. Qualification Standards (Section 2.2). Click here to see a list of professionalism webinars and to access the links for the recorded presentations and audio files. (January 26, 2012)
Read about the Academy’s recent activities in the latest edition of the Actuarial Update. (January 31, 2012)
The Academy Life Valuation Subcommittee submitted a comment letter to the NAIC Joint Working Group of the Life Insurance and Annuities (A) Committee and Financial Condition (E) Committee regarding their draft Framework on Actuarial Guideline 38. (January 31, 2012)
Read the January issue of HealthCheck noting the amicus curiae brief mentioned above and that looks at the Academy’s 2012 campaign toolkits for members across all practice areas. (January 27, 2012)
The Academy filed on Jan. 27 an amicus curiae brief with the U.S. Supreme Court in the pending challenge to the Affordable Care Act. The court will hear oral arguments in March. The brief addresses a very narrow aspect of the case before the court—the severability of the individual mandate from the other market reform provisions, namely guaranteed issue and modified community rating. The brief does not take a position on the constitutionality of the individual mandate or whether any other provisions in the law are severable from the mandate—nor does it support or oppose the law as a whole. Read the brief. Read the Academy’s member alert on the filing. Read the news release. (January 27, 2012)
The Academy’s Contingent Annuity Issues Work Group presented an analysis to the NAIC Contingent Deferred Annuity (A) Subgroup comparing two different investment arrangements: typical contingent annuity design vs. self-insurance. (January 19, 2012)
In December 2011, the Department of Health and Human Services published final regulations implementing the medical loss ratio requirements in the ACA. Insurers have already begun complying with the reporting and rebate requirements under the ACA and this webinar will focus on the implications of the changes in the final regulations. Learn more. (January 17, 2012)
The annual Academy legislative/regulatory year in review details significant legislative and regulatory activities affecting the actuarial profession, as well as the Academy's work on these issues during the past year. Read the full alert. (January 23, 2012)
As the nation prepares to hear the president's State of the Union address, the Academy has detailed a list of policy priorities to restore the nation's fiscal health and financial security. The Academy believes that improving the sustainability of the Social Security and Medicare programs, developing a new retirement security framework, achieving the goals of health reform, and developing regulatory systems to successfully manage financial systemic risk should be among the nation's highest policy priorities in 2012. (January 24, 2012)
2012 membership dues remain at the same level as 2011. If you haven’t paid your 2012 dues, click here to conveniently pay online. Now is also a good time to ensure your member profile is up to date, make any necessary changes, and sign up for Academy alerts—timely online bulletins about legislative and regulatory developments that keep members informed. Log in now to pay your dues, print your invoice, or to update your profile. (January 06, 2012)
