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.
Capital
Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting
Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Life Resources
Comment / Letter
Preferred Mortality POG Report to LHATF on 2008 CSO Table Development
Preferred Mortality POG report to LHATF on developing a 2008 CSO table, including the advantages and disadvantages of proceeding with development of a new table.
Topics: NAIC
NAIC Report
ARWG Report to LATF on GLIBs for Fixed Deferred Annuites
Annuity Reserves Work Group report to LHATF on valuing interest rates applicable to Guaranteed Lifetime Income Benefits for fixed deferred annuities.
NAIC Report
CWG Amendment to VM-00
Consistency Work Group amendment proposal amending VM-00 to clarify risks to be included in a principle-based valuation.
Topics: NAIC
NAIC Report
Proposed Methodology for Setting Prescribed Default Costs on Existing Fixed Income Investments in VM-20
LRWG Asset Subgroup presentation on a proposed methodology for setting prescribed default costs on existing fixed income investments in VM-20.
Topics: NAIC
NAIC Report
Valuation Law Manual Team Report to LHATF
VLMT PBR Life Scope Subgroup draft report containing an analysis of potential scope and implementation options for Life Insurance Policy Reserves as outlined in VM-00, Section II of the Valuation…
NAIC Report
LRWG Report to LHATF Regarding UL with Secondary Guarantee Reinsurance
LRWG report to the LHATF on examples of universal life secondary guarantee reinsurance and analyzes the treatment of the presented situations under the current draft of VM-20.
NAIC Report
NFIWG Report to LHATF on General Revision of Life and Annuity Standard Nonforfeiture Laws
Nonforfeiture Improvement Work Group update regarding a general revision of life and annuity standard nonforfeiture laws.
Topics: NAIC
NAIC Report
CWG Amendment to VM-00
Consistency Work Group draft amendment form for VM-00 revising language describing six underlying concepts of the principle-based approach, potentially in keeping with the draft standard valuation…
Topics: NAIC
NAIC Report
Proposed Methodology for Setting Prescribed Net Spreads on New Investments in VM-20
LRWG Asset Subgroup presentation to interested parties and regulators on a proposed methodology for setting prescribed net spreads on new investments in VM-20.
Topics: NAIC
NAIC Report
Presentation on Principle-Based Approaches Training for Regulatory Actuaries
Presentation to PBR Working Group on PBR Training for Regulatory Actuaries.
Topics: NAIC