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
Guaranteed Nonforfeiture Basis Factor Assumptions Presentation
Nonforfeiture Modernization Work Group Guaranteed Nonforfeiture Basis Factor presentation of its report to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting.
Topics: NAIC
NAIC Report
Update Regarding General Revision of Life and Annuity Standard Nonforfeiture Laws
Nonforfeiture Modernization Work Group presentation to the NAIC Life Actuarial Task Force regarding a general revision of the life and annuity standard nonforfeiture laws.
Topics: NAIC
Comment / Letter
Draft Project Plan to NAIC on RBC
C1 Work Group draft project plan to the National Association of Insurance Commissioners (NAIC) C1 Factor Review (E) Subgroup that covers the development of the bond Risk-based Capital (RBC) factors…
Comment / Letter
C-3 Phase II/AG43 Comment Letter
Actuarial Guideline 43/C-3 Phase II Work Group comments to the NAIC C-3 Phase II/AG 43 Working Group regarding their current deliberations.
Topics: NAIC
NAIC Report
Bond Factors Report
C1 Work Group report regarding C1 RBC model construction and development of basic C1 Bond Factors to the NAIC C1 Factor Review Subgroup.
Topics: NAIC
NAIC Report
Bond Factors Presentation
C1 Work Group presentation regarding C1 RBC model construction and the development of basic C1 bond factors to the NAIC C1 Factor Review Subgroup.
NAIC Report
FS/RM PBR Review and Updating Amendment to LATF
Financial Soundness/Risk Management Committee’s amendment proposal form to the NAIC Life Actuarial Task Force regarding the addition of a PBR Review and Updating Process to VM-00.
NAIC Report
NFIWG Quarterly Update
Nonforfeiture Improvement Work Group’s quarterly report to the NAIC’s Life Actuarial Task Force at the NAIC’s Spring National Meeting.
Topics: NAIC
NAIC Report
Academy/SOA POG Reports on New Mortality Tables
Life Experience Subcommittee presentation providing a report of the joint SOA/Academy Project Oversight Group regarding new mortality tables.
Topics: NAIC
NAIC Report
ARWG Report on Definition of Deterministic Reserves in VM-22
ARWG report to the NAIC’s Life Actuarial Task Force regarding the development of a possible definition of Deterministic Reserves for use in VM-22 at the NAIC’s Spring National Meeting with…
Topics: NAIC