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
NAIC Report
Report to NAIC from LCAS on Working Reserve for C3 RBC Calculation
Life Capital Adequacy Subcommittee report on the working reserve for the C3 RBC Calculation.
Topics: NAIC
NAIC Report
C3 LACWG Proposed Simplification Methods and Proposed Changes to RBC Instructions
Report to the NAIC by the C3 Life and Annuity Capital Work Group on proposed simplification methods and proposed changes to RBC instructions.
Topics: NAIC
NAIC Report
Report to NAIC from C3 Life and Annuity Capital Work Group
Report to the NAIC on the C3 Life and Annuity Capital Work Group.
Topics: NAIC
NAIC Report
Report to NAIC from Group Life Waiver of Premium Valuation Table Work Group
Group Life Waiver Premium Valuation Table Work Group reports to the NAIC’s Life and Health Actuarial Task Force.
Topics: NAIC
NAIC Report
Preferred Mortality September 21 LHATF Valuation Table Team Update
Society of Actuaries and the American Academy of Actuaries’ Joint Project Oversight Group update on their work.
Topics: NAIC
Comment / Letter
Comments on Qualifications of Appointed Actuary for Life and Health Companies
American Academy of Actuaries and the Society of Actuaries comments to the NAIC.
Topics: NAIC
Comment / Letter
Comments on Company Generated Scenarios in VM-20
Life Financial Soundness/Risk Management Committee comments on company generated scenarios.
NAIC Report
LCWG Report on Life-Risk Based Capital Formula
Life Capital Work Group report to the Life Risk Based Capital Work Group of the NAIC.
Topics: NAIC
Comment / Letter
Comments to NAIC on Proposed VM-20 Amendment 080329 005
Reinsurance Work Group comments to the NAIC on risk transfer rules.
NAIC Report