Academy Resources
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Presentation
Academy Gives LPC Update at NAIC Spring Meeting
Director of State Public Policy Outreach Katie Dzurec provided an update on Life Practice Council (LPC) activities to the NAIC’s Life Actuarial (A) Task Force (LATF) at NAIC’s Spring National… Download
Topics: Actuarial Standards
Date Published: 03/23/2025
Comment / Letter
Practice Councils Comment to ASB on ASOP No. 41
The Casualty Practice Council, Health Practice Council, and Retirement Practice Council sent comments to the Actuarial Standards Board (ASB) on the second exposure draft of Actuarial Standard of…Date Published: 03/14/2025
Comment / Letter
Practice Councils Comment to NAIC’s New RBC Model Governance Task Force
Vice presidents of the Academy’s Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council provided comments to the NAIC’s… DownloadDate Published: 03/14/2025
Comment / Letter
RPC Letter to the House Budget Committee on the PBGC Premium Due Date
The Retirement Practice Council’s Pension Committee sent a letter to the House Budget Committee to ask that the Committee consider modifying the due date of the 2025 Pension Benefit Guarantee… Download
Topics: Retirement
Date Published: 03/11/2025
RPC Comments to House Budget Committee on PBGC Premiums
The Retirement Practice Council’s Pension Committee sent a letter to the House Budget Committee asking it to consider modifying the due date of the 2025 Pension Benefit Guaranty Corporation (PBGC)… Download
Topics: Retirement
Date Published: 03/11/2025
Issue Brief
Health Issue Brief Examines Access, Affordability, Choice, and Competition in the Individual Market
An issue brief from the Individual and Small Group Markets Committee, Ensuring Access, Affordability, Choice, and Competition in the Individual Health Insurance Market, provides an overview of how… Download
Topics: Health Insurance
Date Published: 03/06/2025
Issue Brief
Issue Brief Examines Medicaid Per-Capita Caps, Design Considerations, and Policy Implications
A Medicaid Committee issue brief, Medicaid Per Capita Caps: Design Considerations and Policy Implications, focuses on Medicaid per-capita caps and discusses some of the key design considerations… Download
Topics: Medicare / Medicaid
Date Published: 03/06/2025
Topics: Membership
Date Published: 03/05/2025
Comment / Letter
LPC Comments to LATF on Reinsurance Actuarial Guideline Draft Exposure
The Life Practice Council provided comments to the Life Actuarial (A) Task Force on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure. Download
Topics: Reinsurance
Date Published: 02/28/2025
Comment / Letter
Committee Comments on APF 2024-16
The Life Products Committee provided comments to the Life Actuarial (A) Task Force on a re-exposure of APF 2024-16, meant to provide guidance on a universal life nonforfeiture issue. DownloadDate Published: 02/28/2025
Comment / Letter
LPC Comments to LATF on Illustration Actuary Knowledge Statements
The Life Practice Council provided comments to the Life Actuarial (A) Task Force on the Illustration Actuary Knowledge Statements. DownloadDate Published: 02/28/2025
Comment / Letter
DSAC Comments to IAIS on a Public Consultation on AI
The Data Science and Analytics Committee (DSAC) submitted comments to the International Association of Insurance Supervisors (IAIS) on IAIS’ public consultation draft application paper on the… DownloadDate Published: 02/27/2025
Comment / Letter
Subcommittee Comments to LATF
The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC’s Life Actuarial (A) Task Force VM-22 Subgroup on the Chair Exposure for Remaining Decisions on Framework. Download
Topics: NAIC
Date Published: 02/26/2025
Issue Brief
Issue Brief Examines the Current State of LTCI
A new issue brief from the Academy’s Long-Term Care Committee, The State of Long-Term Care Insurance—2025, highlights the current state of LTCI, focusing specifically on policy design, the… Download
Topics: Long-Term Care
Date Published: 02/13/2025
Presentation
Subcommittee Presents to RBCIRE on CLO Project
The C1 Subcommittee presented an update to the Risk-Based Capital Investment Risk Evaluation (E) Working Group on their work determining comparable attributes of collateralized loan obligations… DownloadDate Published: 02/11/2025
Practice Note
COPLFR FAQs Document Addresses Wildfires Issues
A new document from the Committee on Property and Liability Financial Reporting (COPLFR) addresses issues raised by the recent Los Angeles wildfires. The Supplement to the 2024 COPLFR Practice… DownloadDate Published: 02/07/2025
Presentation
Academy and EY Present to VM-22 Subgroup on Field Test Results
The Academy’s Research Department along with representatives from EY presented to the Valuation Manual (VM)-22 (A) Subgroup, providing preliminary VM-22 Field Test results. DownloadDate Published: 02/05/2025
Comment / Letter
Committees Comment to FASB on Agenda Request
The Financial Reporting Committee and the Life GAAP Reporting Committee sent an agenda request letter to the Financial Accounting Standards Board (FASB) encouraging FASB to consider a project… DownloadDate Published: 02/04/2025
Comment / Letter
Subcommittee Comments on SPA Policyholder Behavior Assumptions
The Annuity Reserve and Capital Subcommittee provided comments to the Valuation Manual (VM)-22 (A) Subgroup on proposed edits to the Standard Projection Amount (SPA) Policyholder Behavior… DownloadDate Published: 02/04/2025
Comment / Letter
Committee Comments on APF 2024-16
The Life Products Committee commented on the recent exposure of APF 2024-16, which attempts to address requests for guidance on a standard nonforfeiture issue related to universal life policies in… DownloadDate Published: 01/24/2025
Comment / Letter
LPC Comments to LATF on Reinsurance Exposure
The Life Practice Council provided comments to the NAIC Life Actuarial Task Force (LATF)’s exposures: Asset Adequacy Testing (AAT) for Reinsurance Actuarial Guideline (AG) Exposure Questions… DownloadDate Published: 01/15/2025
Practice Note
Life Subcommittee Releases ASOP No. 2 Practice Note
The Life Practice Council’s Non-Guaranteed Elements Subcommittee released a public policy practice note, Actuarial Standard of Practice (ASOP) No. 2: Non-Guaranteed Elements for Life and Annuity… Download
Topics: Public Policy
Date Published: 01/10/2025
Practice Note
Statements of Actuarial Opinion On Property and Casualty Loss Reserves (2024)
The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2024), including discussion regarding changes in the NAIC Annual… DownloadDate Published: 12/27/2024
Practice Note
Asset Adequacy Analysis (updated for 2024)
This update of the 2017 Asset Adequacy Analysis practice note by the Academy’s Life Valuation Committee provides assistance to actuaries who are faced with the requirement of asset adequacy… DownloadDate Published: 12/24/2024
Comment / Letter
Committee Comments on LTCI MSA Framework Exposure Draft
The Long-Term Care (LTC) Committee submitted comments to the NAIC’s Long-Term Care (B) Task Force (LTCAWG) in response to the NAIC Long-Term Care Insurance (B) Task Force’s November 20, 2024,… DownloadDate Published: 12/12/2024