Life

The Academy’s Life Practice Council (LPC) is dedicated to providing policymakers and regulators with unbiased technical expertise.

From crafting principle-based regulatory frameworks to optimizing risk-based capital strategies, the LPC is at the forefront of innovation in the life insurance industry.

Life
Capital

Capital

Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting

Financial Reporting

Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Product

Product

Life and annuity product features and their design.
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Reserves

Reserves

The minimum statutory reserve standard for all life and annuity products.
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More Life Issues

Life Resources

Comment / Letter

Work Group Comments to RBCIREWG on Exposure 2023-09-IRE

The C1 Work Group submitted a comment letter to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on Exposure 2023-09-IRE – Interim Residual Tranche C1 Factor.  
Date Published: 05/12/2023
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Comment / Letter

Work Group Comments to LATF on APF 2023-06

The Life Reserves Work Group submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on the April 20 exposure of APF 2023-06.  
Topics: NAIC
Date Published: 05/12/2023
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Comment / Letter

Work Group Comments to Product Standard Committee on ILVA Product Standards

The Index-Linked Variable Annuity Work Group submitted a comment letter to the ILVA Subgroup of the Product Standard Committee Interstate Insurance Product Regulation Commission on 2023 Compact…
Date Published: 05/05/2023
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Comment / Letter

Work Group Comments to LATF on APF 2023-03

The Life Reserves Work Group (LRWG) submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on proposed changes to VM-20 outlined in APF 2023-03 (Part 1).  
Topics: NAIC
Date Published: 04/19/2023
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Comment / Letter

Work Group Comments to LATF on APF 2023-05

The Variable Annuity Reserve and Capital Work Group (VARCWG) submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on APF 2023-05; specifically, hedging language to address…
Topics: NAIC
Date Published: 04/19/2023
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Comment / Letter

Committee Comments to LATF on Bond Risk Measures

The Life Valuation Committee submitted a comment letter to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force (LATF) on the Valuation of Securities (VOSTF) Task…
Date Published: 04/13/2023
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Presentation

Life Practice Council Submits Presentation to NAIC Life Actuarial (A) Task Force

The LPC gave a presentation to the Life Actuarial (A) Task Force (LATF) at the National Association of Insurance Commissioner’s Spring National Meeting on current and future LPC workstreams.
Topics: NAIC
Date Published: 03/20/2023
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Committee Releases White Paper on Long-Duration Targeted Improvements (LDTI)

The Life Financial Reporting Committee released a white paper, FASB Long-Duration Targeted Improvements—A Discussion of Enhanced Disclosures, which focuses on certain considerations in implementing…
Date Published: 03/09/2023
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Comment / Letter

Work Group Submits Comment Letter to the NAIC’s Life Actuarial (A) Task Force (LATF) 

The Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners’ (NAIC) LATF on the proposed changes to VM-20 outlined in APF 2023-03.
Topics: NAIC
Date Published: 02/21/2023
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Comment / Letter

Work Group Submits Comment Letter to the NAIC’s Life Actuarial (A) Task Force (LATF)

The Life Reserves Work Group submitted a comment letter to the National Association of Insurance Commissioners (NAIC) LATF on the proposed changes to VM-20 outlined in APF 2023-03.
Topics: NAIC
Date Published: 02/21/2023
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