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
Report to NAIC on SMI RBC Request
Academy report to the NAIC in response to its request for assistance with the Solvency Modernization project on the NAIC’s Risk-Based Capital (RBC) formula.
Comment / Letter
Joint Report on SMI Project
Life, Health, and Property/Casualty RBC committees joint report in response to the NAIC’s request for assistance with the Solvency Modernization (SMI) project on the NAIC’s Risk-Based Capital (RBC)…
Comment / Letter
AIWG Comment Letter to NAIC on Annuity Disclosure Model Act
Annuity Illustration Work Group comment letter regarding the Annuity Disclosure Model Act to the NAIC Annuity Disclosure Working Group.
Topics: NAIC
NAIC Report
NFIWG Update 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
Life Experience Subcommittee Update to LHATF
Life Experience Subcommittee update on the development of new mortality tables to the LHATF.
Topics: NAIC
Comment / Letter
P/C RBCC Response to NAIC Request on RBC Issues
P/C Risk-Based Capital Committee response to the NAIC’s request on risk-based capital issues.
NAIC Report
VUL Subgroup Deterministic Return Report to LHATF
Variable Universal Life Subgroup report to the NAIC VM PBR Life Subgroup regarding deterministic return paths in VM-20.
Topics: NAIC
NAIC Report
DTA Bridge Group Final Report
Deferred Tax Asset Bridge Group final report to the NAIC Capital Adequacy Task Force showing the appropriate treatment of the Deferred Tax Asset (DTA) in the Risk-Based Capital formulas for Life,…
Comment / Letter
AIWG Comments on Annuity Disclosure Model Regulation
Annuity Illustration Work Group letter to the NAIC Annuity Disclosure Working Group explaining their suggestions to the Annuity Disclosure Model Regulation and included a sample illustration.
Topics: NAIC
NAIC Report
NFIWG Update to LHATF on Nonforfeiture Reform
NFIWG update to LHATF on nonforfeiture reform.
Topics: NAIC