The Winter Retirement Report includes an in-depth Q&A about the recently passed SECURE Act and the new law’s implications on retirement and pensions. Also in the issue, a preview of the Pension Practice Council’s upcoming webinar series on retirement plan coverage, a preview of the upcoming 2020 Enrolled Actuaries Meeting, and legislative and regulatory updates. (February 27, 2020)
The ACI’s five-year moving average reached a new high for the sixth consecutive quarter, according to the latest data release that includes summer 2019. Read the news release. (February 27, 2020)
The Life Reinsurance Work Group sent a comment letter to the NAIC Reinsurance (E) Task Force regarding their exposed memorandum, which requested comments on whether compliance with Actuarial Guideline XLVIII (AG 48) should be considered to be "substantially similar" to Model #787 under the NAIC Financial Standards and Accreditation Program. (February 26, 2020)
The Medicaid Subcommittee has released a new issue brief addressing concerns related to the growing health care costs through Medicaid and analyzes the public policy proposals to reform the program. (February 26, 2020)
The Smarter Spending Work Group has released a new issue brief regarding consumers’, providers’, and payers’ roles in health care spending and initiatives and approaches to address health care costs. (February 26, 2020)
A new issue brief has been released that explores current long-term care insurance (LTCI) programs, provides a history of long-term care (LTC) products, and discusses how a cash value LTCI design may provide consumer benefits. (February 26, 2020)
The Casualty Practice Council submitted comments to the Actuarial Standards Board regarding a proposed new ASOP on rate-filing by property/casualty insurers. (February 25, 2020)
The Life Illustrations Work Group sent a comment letter to the NAIC IUL Illustration (A) Subgroup on Indexed Universal Life insurance policies under Actuarial Guideline XLIX (AG 49). (February 21, 2020)
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 21, 2020)
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 14, 2020)
The C-1 Work Group sent a letter to the NAIC Capital Adequacy (E) Task Force on their proposal to expand the number of bond factors in the Life Risk-Based Capital formula. (February 14, 2020)
The ABCD released its 2019 Annual Report. Last year the ABCD handled 138 cases, comprised of 104 requests for guidance (RFGs) and 34 inquiries, in line with the previous year. It received 17 new inquiries and closed 20 inquiry cases. Of the closed inquiry cases, 12 were dismissed, one was dismissed with guidance, five resulted in counseling, and two were resolved with a recommendation for discipline. (February 13, 2020)
The February HealthCheck previews the Health Practice Council’s (HPC) annual “Hill visits” set for later this month, at which HPC volunteers will meet with federal lawmakers and policymakers on Capitol Hill in Washington to discuss health issues including the Affordable Care Act, Medicare/Medicaid, long-term care, and more. Also, several HPC committees sent comment letters to the Centers for Medicare & Medicaid Services, and recent legislative and regulatory activity. (February 12, 2020)
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 07, 2020)
The Macroprudential Task Force sent a comment letter to the NAIC Financial Stability (EX) Task Force and Liquidity Assessment (EX) Subgroup on the exposed Liquidity Stress Testing Framework. (February 06, 2020)
