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
Practice Note
Asset Adequacy Analysis
Asset Adequacy AnalysisLife Valuation Subcommittee practice note updating the initial practice notes written in 1995 regarding asset adequacy analysis practices used by appointed actuaries in the…
Practice Note
Application of Actuarial Guideline XXXIX
Application of Actuarial Guideline XXXIXPractice note presenting questions relative to the National Association of Insurance Commissioner’s (NAIC) Actuarial Guideline XXXIX – Reserving for…
Practice Note
Special Issues for Variable Annuities
Committee on State Life Insurance Issues practice note divided into two sections, statutory reserve and accounting requirments, and asset adequacy analysis considerations.
Practice Note
Special Issues for Equity Indexed Products
Committee on State Life Insurance Issues practice note presenting a description of some of the current practices that could be used by illustration actuaries in the United States.
Topics: Life Insurance
Practice Note
Policyholder Protection in Mutual Life Insurance Company Reorganizations
Policyholder Protection in Mutual Life Insurance Company Reorganizations Life Insurance Financial Reporting Committee practice note regarding policyholder protection in mutual life insurance company…
Practice Note
Distribution of Policyholder Equity in a Demutualization
Life Financial Reporting Committee practice note regarding the distribution of policyholder equity in a demutualization.
Topics: Financial Reporting
Practice Note
Additional Questions Relating to Compliance with the NAIC Life Illustrations Model Regulation and ASOP 24
Additional Questions Relating to Compliance with the NAIC Life Illustrations Model Regulation and ASOP 24 Committee on Life Insurance practice note regarding additional questions to some of the…
Practice Note