The Macroprudential Task Force submitted a comment letter to the NAIC Liquidity Assessment (EX) Subgroup on the considerations for a liquidity stress test. (July 15, 2018)
The Life Illustrations Work Group submitted a comment letter to the California Department of Insurance on Assembly Bill 2634. (July 01, 2018)
The July HealthCheck covers the Academy’s June 25 webinar on the Individual and Small Group Markets Committee’s issue brief on drivers of 2019 health insurance premium changes. It also describes that committee’s presentation at the Society of Actuaries’ 2018 Health Meeting, and includes news about the latest Centers for Medicare & Medicaid Services decision to suspend collections and payments under the risk adjustment program established by the Affordable Care Act. (July 11, 2018)
The Lifetime Income Risk Joint Task Force submitted a comment letter to Congress on the Lifetime Income Disclosure Act. (July 05, 2018)
More than 2,000 people attended the Academy’s June 18 professionalism webinar, “The Code of Professional Conduct—Learning From the Mistakes of Others,” which walked attendees through mistakes that have landed actuaries on the wrong side of the Code, and offered insight on the Code’s key precepts. (Actuarial Update, June 2018) (June 28, 2018)
In “Self-Regulation of the U.S. Actuarial Profession: A Model for the World,” Academy Past President Cecil Bykerk writes about his recent experience at the International Congress of Actuaries in Berlin. (Actuarial Update, June 2018) (June 28, 2018)
The AG43/C3 Phase II Work Group submitted a comment letter to the NAIC on the assumption governance for Actuarial Guideline 43. (July 04, 2018)
The Annuity Illustration Work Group submitted a comment letter to the NAIC on proposed changes to the Annuity Disclosure Model Regulation #245. (July 01, 2018)
The June Actuarial Update covers the recently released Academy-sponsored Magic School Bus book, which is available for order and corporate sponsorships; issue briefs on 2019 health insurance premium drivers and the 2018 Medicare and Social Security trustees’ reports; the Big Data monograph; and the “Professionalism Counts” column, in which Past President Cecil Bykerk writes about U.S. actuarial self-regulation as a model for the world. (June 29, 2018)
Individual and Small Group Markets Committee members present at the 2018 SOA Health Meeting on examining rules surrounding association health plans, short-term limited duration insurance plans, and health reimbursement arrangements from the Trump Administration. (June 26, 2018)