The Long-Term Care (LTC) Combination Product Valuation Work Group finalized the LTC Combination Product Valuation Practice Note to provide information to actuaries on current and emerging practices in which their peers are engaged with respect to the considerations in the statutory, Generally Accepted Accounting Principles (GAAP) and tax valuation of long-term care combination products.

The Medicaid Subcommittee sent comments on the May 15, 2019 CMCS Informational Bulletin (CIB) titled Medical Loss Ratio (MLR) Requirements Related to Third-Party Vendors seeking additional clarification.

The American Academy of Actuaries is the national association for actuaries practicing in the U.S. Our mission is to serve the U.S. public on behalf of the profession. Of course, in an increasingly global world, international developments can affect our work at home. That’s why the Academy has long been actively engaged on international issues when they directly affect actuarial practice within the U.S. Read more…

The Life Practice Council submitted a comment letter to the Actuarial Standards Board on proposed revisions to ASOP No. 2, Nonguaranteed Elements for Life Insurance and Annuity Products.