Academy Resources

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Comment / Letter

Work Group Comments to LATF on APF 2023-06

The Life Reserves Work Group submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on the extended April 20 exposure of APF 2023-06.   Download
Topics: NAIC
Date Published: 06/16/2023

Committees Submit Comments on Exposure Draft of ASOP No. 27 and Repeal of ASOP No. 35

The Pension Committee, Multiemployer Plans Committee, and Public Plans Committee submitted comments to the Actuarial Standards Board regarding the exposure draft of the proposed revision of… Download
Date Published: 06/16/2023

Committee Releases Resource and Discussion Guide on Investments

The Life Experience Committee released a Resource and Discussion Guide on an Actuarial Review of Investments in Actuarial Modeling.   Download
Date Published: 06/12/2023
Comment / Letter

COPLFR Comments to IRS on Micro-Captives

The Committee on Property Liability and Financial Reporting (COPLFR) submitted a comment letter to the Internal Revenue Service (IRS) on an exposure on Micro-Captive Listed Transactions and… Download
Date Published: 06/12/2023
Comment / Letter

Committee Comments on Net Negative IMR

The Life Valuation Committee submitted a comment letter to the NAIC’s Statutory Accounting Principles Working Group on 2023 Net Negative (Disallowed) Interest Maintenance Reserve (INT 23-01T).   Download
Topics: NAIC
Date Published: 06/09/2023
Comment / Letter

Committee Comments to LATF on Actuarial Reporting Template for IMR

The Life Valuation Committee submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force on the Optional AOM and PBR Actuarial Reporting Template for Interest Maintenance Reserve.   Download
Topics: NAIC
Date Published: 06/09/2023
Policy Paper

Climate Risks Pose Broad Impacts on Financial Security Systems

A public policy paper released by the Academy’s Climate Change Joint Committee, Climate Risks Pose Broad Impacts on Financial Security Systems, looks at the effects of a changing climate across… Download
Resource

Glossary Covers Climate-Related Terms

This glossary provides an explanation of various terms relating to climate change appearing in publications and presentations published by American Academy of Actuaries committees, subcommittees and… Download
Date Published: 05/25/2023

Work Group Releases White Paper on Changes to Definitions of Life Insurance

The Tax Work Group released a white paper, 2017 and 2021 Legislative Changes to the Definition of Life Insurance, that focuses on summarizing changes to the relevant sections of sections 7702 and… Download
Topics: Life Insurance
Date Published: 05/18/2023
Comment / Letter

Work Group Comments to LATF on APF 2023-06

The Life Reserves Work Group submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on the April 20 exposure of APF 2023-06.   Download
Topics: NAIC
Date Published: 05/12/2023
Comment / Letter

Work Group Comments to RBCIREWG on Exposure 2023-09-IRE

The C1 Work Group submitted a comment letter to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on Exposure 2023-09-IRE – Interim Residual Tranche C1 Factor.   Download
Date Published: 05/12/2023
Comment / Letter

Work Group Comments to Product Standard Committee on ILVA Product Standards

The Index-Linked Variable Annuity Work Group submitted a comment letter to the ILVA Subgroup of the Product Standard Committee Interstate Insurance Product Regulation Commission on 2023 Compact… Download
Date Published: 05/05/2023
Comment / Letter

CPC Comments to ASB on ASOP No. 29

The Casualty Practice Council submitted a comment letter to the Actuarial Standards Board (ASB) on the second exposure draft of ASOP No. 29, Expense Provisions in Property/Casualty Insurance… Download
Date Published: 05/01/2023

Committee Releases One-pager on 2023 Social Security Trustees Report

The Social Security Committee released Highlights from the 2023 Social Security Trustees Report, a one-pager detailing the latest annual report on the current and projected financial status of the… Download
Date Published: 04/27/2023
Comment / Letter

Letter to NAIC Casualty Actuarial and Statistical (C) Task Force

The Committee on Property Liability and Financial Reporting (COPLFR) submitted a comment letter to the National Association of Insurance Commissioners (NAIC) Casualty Actuarial and Statistical (C)… Download
Date Published: 04/26/2023
Comment / Letter

Comment Letter to NAIC Blanks (E) Working Group

The Committee on Property Liability and Financial Reporting (COPLFR) and the Health Practice Council’s Committee on Financial Reporting and Solvency submitted a comment letter to the National… Download
Date Published: 04/26/2023

Social Security Committee One-pager: Highlights from the 2023 Social Security Trustees Report

Social Security Committee one-pager on the 2023 Annual Report Of The Board Of Trustees Of The Federal Old-Age And Survivors Insurance And Federal Disability Insurance Trust Funds.   Download
Date Published: 04/25/2023
Comment / Letter

Work Group Comments to LATF on APF 2023-05

The Variable Annuity Reserve and Capital Work Group (VARCWG) submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on APF 2023-05; specifically, hedging language to address… Download
Topics: NAIC
Date Published: 04/19/2023
Comment / Letter

Work Group Comments to LATF on APF 2023-03

The Life Reserves Work Group (LRWG) submitted a comment letter to the NAIC’s Life Actuarial (A) Task Force (LATF) on proposed changes to VM-20 outlined in APF 2023-03 (Part 1).   Download
Topics: NAIC
Date Published: 04/19/2023
Issue Brief

Issue Brief Examines Medical Marijuana in Workers’ Compensation

The Workers’ Compensation Committee released an issue brief providing an overview of medical marijuana laws and court cases—and the impact they have on the workers’ compensation system—to help… Download
Date Published: 04/17/2023
Issue Brief

Considering Employee Benefits for Health Policy Development

The Active Benefits Committee released an issue brief focusing on the role of actuaries in employee benefits for health policy development. Download
Topics: Benefits
Date Published: 04/17/2023
Issue Brief

Issue Brief on Medical Marijuana in Workers’ Compensation

The Workers’ Compensation Committee released an issue brief providing an overview of medical marijuana laws and court cases—and the impact they have on the workers’ compensation system—to help… Download
Date Published: 04/17/2023
Issue Brief

Medicare’s Financial Condition: Beyond Actuarial Balance

The Medicare Committee released an issue brief focusing on the near and long-term financing challenges facing the Medicare program based on the 2023 Medicare Trustees Report. Download
Date Published: 04/13/2023
Comment / Letter

Committee Comments to LATF on Bond Risk Measures

The Life Valuation Committee submitted a comment letter to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force (LATF) on the Valuation of Securities (VOSTF) Task… Download
Date Published: 04/13/2023
Comment / Letter

Comment Letter to the NAIC LTC Actuarial (B) Working Group on Long-Term Care (LTC) Past Losses

The Long-term Care Reform Subcommittee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Long-Term Care Actuarial (B) Working Group featuring an Academy issue… Download
Date Published: 04/11/2023