|
Academy Closed for MLK Day
The Academy’s office will be closed Monday, Jan. 16, in observance of Martin Luther King Jr. Day.
New Pension Webinar to Look at ARPA, SFAs, Multiemployer Plans
Join the Pension Practice Council’s (PPC) Multiemployer Plans Committee for the upcoming webinar, “Insights Into the American Rescue Plan Act (ARPA) Multiemployer Plan Special Financial Assistance (SFA) Application Process,” which will cover lessons learned from actual multiemployer plan SFA applications to date. Attendees will hear a discussion from the Pension Benefit Guaranty Corporation (PBGC) on what’s new, as well as PBGC’s standards of review for assumption changes. Presenters will be PPC Vice Chairperson Susan Boyle and committee member James Donofrio, and committee Chairperson Joseph Hicks will moderate. The webinar is set for Tuesday, Jan. 31, from noon to 1:30 p.m. EST. Register today.
Academy Representatives to Present at Canada’s ASNA Convention
Academy representatives are scheduled to present at Canada’s Actuarial Students National Association (ASNA) annual convention this weekend in Toronto. President-Elect Lisa Slotznick will present on Saturday, Jan. 14, on “What You Need to Know About Actuarial Qualification Standards in the United States.” Senior Governance Analyst Claire Mickelson will present on the same subject in French to Canadian actuarial students.
P/C Webinar Recaps Key Issues From December’s Opinion-Writing Seminar
Fowle opens the webinar
Academy property/casualty volunteers presented at Thursday’s webinar, “P/C Loss Reserve Opinions: Tools for the Appointed Actuary,” during which they recapped topics from last month’s Seminar on Effective P/C Loss Reserve Opinions. Dawn Fowle, chairperson of the Opinion Seminar Subcommittee, moderated a panel of subcommittee members Betsy Branagan, Aaron Hillebrandt, James Leonard, and Kathy Odomirok, who discussed select workshop issues, actuarial report documentation, and what to do “when things go awry.” Slides and audio are available free as a member benefit.
Order Your Copy Today-P/C, Life & Health Law Manuals Available
Property/casualty and life & health law manuals are now available. Make sure you have these useful reference tools.
-
P/C-The P/C Loss Reserve Law Manual is designed to help appointed actuaries know NAIC requirements for statements of actuarial opinion. It contains a compilation of insurance laws relating to P/C loss and loss expense reserves for all 50 states, Washington, D.C., and Puerto Rico. Order today.
-
Life & Health-The 2023 Life and Health Valuation Law Manual is available for order. It contains information to help appointed actuaries and others know the requirements of the NAIC model Standard Valuation Law and the model Actuarial Opinion and Memorandum Regulation. Order today.
Last Call for Comments on Proposed Life & Health ASOP
Comments are due Jan. 15 on a proposed new life and health actuarial standard of practice (ASOP), Statements of Actuarial Opinion Not Based on an Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Related Actuarial Items. To comment, see the Actuarial Standards Board’s open exposure drafts webpage.
Public Policy in Focus
-
The Individual and Small Group Markets Committee submitted comments to the Centers for Medicare & Medicaid Services’ Center for Consumer Information & Insurance Oversight (CCIIO) on the Draft 2024 Actuarial Value (AV) Calculator Methodology.
-
The Life Valuation Committee released an addendum (on p. 5) to the 2017 Asset Adequacy Testing Practice Note, listing several changes in guidance, requirements, and practices that have occurred since the original practice note.
-
The Multiemployer Plans Committee sent a letter to the PBGC advancing ideas about the SFA application process, in regard to the expiration of the priority group period on March 11.
Visit the Public Policy page to stay on top of the latest news and activities.
In the News
Events Calendar
Webinar price adjustments take effect Feb. 1-As part of an ongoing investment in the Academy’s technology platform and strengthening educational programs offered by the Academy, prices for webinars will be adjusted to $55 for members ($110 for non-members) and $500 for groups. The changes will take effect Feb. 1. On-demand recordings for all Academy webinars will continue to be made available free of charge for Academy members. Visit the Events Calendar for the latest updates to past and upcoming Academy offerings.
|
