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
Principles-Based Valuation Review Opinion Requirements from Subgroup 1 of Valuation Law and Manual Team
Updated version, in requirement format, of a proposed draft model regulation for review opinions of principle-based valuations.
Topics: NAIC
NAIC Report
Updated VARWG Report and Corresponding Presentation to LHATF
Variable Annuity Reserves Work Group Report Summary of changes Presentation to LHATF
Topics: NAIC
NAIC Report
Updated Presentation on Modernizing Life Valuation
Presentation on the modernization in insurance regulation given by the Kansas Insurance Department.
Topics: NAIC
NAIC Report
LRWG Report to LHATF on UL with Secondary Guarantee
Life Reserves Work Group report to LHATF regarding principles-based reserves for universal life with a secondary guarantee based on a shadow fund.
Topics: NAIC
NAIC Report
LRWG Presentation on Principles-Based Valuation Standard for Life Products
Life Reserve Work Group presentation to LHATF regarding a Principles-based Valuation Standard for Life Products.
Topics: NAIC
NAIC Report
LCAS Report on Modified Coinsurance
LCAS report to the NAIC Life RBC Working Group regarding modified coinsurance.
Topics: NAIC
NAIC Report
LRWG Report on Aggregate Margins
LRWG report on aggregate margins to the NAIC Life and Health Actuarial Task Force.
Topics: NAIC
NAIC Report
LRWG Report to LHATF – Modeling PBR
Life Reserves Work Group report on modeling principle-based reserves for 20-year level premium term insurance.
Topics: NAIC
NAIC Report
CWG Report to LHATF on Defining Principles in Principle-Based Approach
Consistency Work Group report to LHATF defining the principles in the principle-based approach.
Topics: NAIC
NAIC Report