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
LRWG Amendment Proposal Regarding VM-20
LRWG’s amendment proposal form regarding VM-20 to the Life Actuarial Task Force at the NAIC’s Spring National Meeting.
Topics: NAIC
NAIC Report
LRWG Simplified Mortality Amendment to LATF
Life Reserve Work Group amendment proposal form to the NAIC’s Life Actuarial Task Force regarding the simplified mortality approach to the proposed principle-based reserve (VM-20) requirements.
Topics: NAIC
Comment / Letter
CAIWG Comment Letter to NAIC Subgroup
Comment letter to the NAIC’s Contingent Deferred Annuity (A) Subgroup with an analysis comparing market returns for contingent deferred annuities and self insurance.
NAIC Report
LRWG Amendment to VM-20 Outlining Streamlined Approach to Mortality
Life Reserve Work Group’s VM-20 amendment proposal form to the Life Actuarial Task Force outlining a streamlined approach to mortality.
Topics: NAIC
Comment / Letter
Academy LVS submits comments on AG 38 Framework
The Academy Life Valuation Subcommittee submitted a comment letter to the NAIC Joint Working Group of the Life Insurance and Annuities (A) Committee and Financial Condition (E) Committee regarding…
NAIC Report
VM-20 Transition Period APF
Tax WG and the Nonforfeiture Improvement WG’s amendment proposal form to LATF VM-20 transition period, maximum nonforfeiture interest rate, nonforfeiture references to mortality tables, VM-02…
Topics: NAIC
Comment / Letter
Letter to LATF on Proposed Language in VM-02
Tax Work Group in conjunction with the Nonforfeiture Improvement Work Group comment letter to the Life Actuarial Task Force regarding issues associated with proposed language in VM-02.
Topics: NAIC
NAIC Report
Payout Annuity Team Report to LATF
Joint Academy/SOA Payout Annuity Table Team report regarding the 2012 Individual Annuity Reserving Table to the Life Actuarial Task Force of the NAIC. The team also included a presentation that was…
Topics: NAIC
Comment / Letter
Comments on NY Insurance Dept. Proposal on US Government Obligations
Invested Asset Work Group comments on the Reporting Full Faith and Credit and Other U.S. Government Obligations proposal from Matti Peltonen of the New York State Insurance Department that was made…
Topics: NAIC
NAIC Report