Mary D. Miller, on behalf of the American Academy of Actuaries, submitted a comment letter pertaining to the Executive (EX) Committee's Ad Hoc commissioner group’s proposed changes of the Property and Casualty 2019 Actuarial Opinion Instructions, including the Ad Hoc Group's draft qualified actuary definition.
The Role of the Actuary Subgroup sent a comment letter to the Variable Annuities Capital and Reserve (E/A) Subgroup on the use of the terms "actuary" and "qualified actuary" in draft revisions to VM-21.
The February HealthCheck covers the Long-Term Care (LTC) Practice Note Work Group’s exposure draft of an LTC insurance practice note, comments on which are due April 30.
The Academy’s Board of Directors has elected past president and international secretary Tom Wildsmith to serve on the Academy’s Board to enhance ongoing discussions on international issues affecting the U.S. actuarial profession. “Tom brings thorough, contemporaneous knowledge of international developments affecting the U.S. profession to the table,” said Academy President Shawna Ackerman.
Academy President Shawna Ackerman sent a special message to members on the day of the State of the Union addressing the many ways in which the Academy is providing public policymakers and regulators with an actuarial perspective to support good policy outcomes on financial security issues.
Academy volunteers and interested parties must provide annual acknowledgement of their commitment to objectivity and the Academy’s Conflict of Interest (COI) Policy and continuing education requirements, writes Art Panighetti, vice president of the Council on Professionalism. (Actuarial Update, January 2019)
The Life Reinsurance Work Group provided comments to the NAIC's Life Actuarial (A) Task Force regarding the possible impact of varying interpretations of current VM-20 guidance for determination of future nonguaranteed yearly renewable term reinsurance rates.
