The Financial Reporting and Solvency Committee submitted a comment letter to the NAIC's Emerging Accounting Issues (E) Working Group on the “ACA Risk Corridors Collectability” exposure draft.
The October Actuarial Update covers the recent “Aging Securely” Capitol Hill forum and release of the new Social Security Game; the appointment of the Academy’s new general counsel, Paul Kollmer-Dorsey; the release of a joint paper on longevity risk; and the ASB’s release of ASOP No. 50.
The Life Reserves Work Group submitted an amendment proposal to the NAIC regarding the definition and clarification of the term “modeled reserve” in the VM-20.
The Life Reserves Work Group submitted an amendment proposal to the NAIC regarding the removal of references to the “seriatim reserve” in the Valuation Manual.