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.

Life
Capital

Capital

Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting

Financial Reporting

Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Product

Product

Life and annuity product features and their design.
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Reserves

Reserves

The minimum statutory reserve standard for all life and annuity products.
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More Life Issues

Life Resources

Testimony

Testimony to NCOIL on Stranger Originated Annuities

Senior Life Fellow testimony to the National Conference of Insurance Legislators regarding Stranger Originated Annuities.
Topics: Annuities
Date Published: 07/02/2010
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Testimony

Testimony for an NAIC Meeting on Stranger Originated Life Annuities

Life Products Committee testimony for a National Association of Insurance Commissioners (NAIC) meeting on Stranger Originated Life Annuities.
Topics: Annuities NAIC
Date Published: 05/20/2010
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Testimony

Testimony to NAIC on Stranger Originated Annuities

Life Products Committee testimony to the National Association of Insurance Commissioners meeting on Stranger Originated Annuities.
Topics: Annuities NAIC
Date Published: 05/14/2010
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Comment / Letter

Comments on Guaranteed Minimum Death Benefits

Life Products Committee comments to the Interstate Insurance Product Regulation Commission (IIPRC) on the proposed standards for Guaranteed Living Benefits on individual deferred annuities.
Date Published: 01/06/2010
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