Academy Resources

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Comment / Letter

Comments on Life Insurance Valuation Manual Changes’ Possible Impact on P/C Reporting

Committee on Property and Liability Financial Reporting comment letter to NAIC’s Actuarial Opinion Working Group on the impact of life insurance Valuation Manual changes on P/C insurers’ Statements… Download
Date Published: 10/18/2017
Presentation

Work Group Update on Life Mortality Risk-Based Capital (RBC)

The C2 Life Mortality RBC Work Group presentation on their work reviewing the C2 RBC requirement for life insurance to the NAIC’s Life Risk Based Capital Working Group.   Download
Date Published: 08/06/2017

Academy Interest Rate Generator: Frequently Asked Questions (FAQ)

Updated list of frequently asked questions regarding the Version 7 of the joint Academy-SOA Interest Rate Generator for life insurance products.   Download
Topics: Life Insurance
Date Published: 07/17/2017
Comment / Letter

Work Group Comments on Re-Proposed NY Insurance Regulation 210

Non-Guaranteed Elements Work Group comments to the New York Department of Financial Services on re-proposed 11NYCRR 48 (insurance regulation 210) on life insurance and annuity non-guaranteed Download
Topics: Life Insurance
Date Published: 06/22/2017
Issue Brief

Life Insurance and Annuities: The Impacts of Regulatory Requirements on Consumer Cost and Choice

Government Mandates Work Group issue brief providing information on the impact of laws and regulations on consumer cost and consumer choice for annuity and life insurance benefits.  Download
Date Published: 06/15/2017
Comment / Letter

Work Group Comments to New York Agency on Life Insurance Regulation

Non-Guaranteed Elements Work Group comments to the New York state Department of Financial Services on Proposed 11 NYCRR 48 (Insurance Regulation 210) on life insurance and annuity non-guaranteed… Download
Topics: Life Insurance
Date Published: 01/17/2017
Presentation

Task Force Makes Longevity Risk Presentation to FSOC

The Longevity Risk Task Force gave a presentation to the Financial Stability Oversight Council (FSOC) Nonbank Designations Committee on longevity risk in annuity and life insurance. Download
Topics: Life Insurance
Date Published: 11/01/2016
Presentation

Presentation to FSOC Working Group

Longevity Risk Task Force gave a presentation to the Financial Stability Oversight Council (FSOC) Nonbank Designations Committee on longevity risk in annuity and life insurance. Download
Date Published: 11/01/2016
Presentation

Task Force Longevity Risk Presentation to Federal Reserve

Longevity Risk Task Force presentation to the Federal Reserve Insurance Policy Group on longevity risk in annuity and life insurance.  Download
Topics: Life Insurance
Date Published: 09/30/2016
Comment / Letter

Work Group Comments to ASB on ASOP 24 Revisions

Life Illustrations Work Group comments to the Actuarial Standards Board (ASB) on revisions to ASOP No. 24 Revision–Compliance with the NAIC Life Insurance Illustrations Model Regulation.  Download
Date Published: 09/29/2016
Comment / Letter

Committee Comments to ASB on Proposed ASOP

Life Products Committee comments to the Actuarial Standards Board (ASB) on the proposed Actuarial Standard of Practice (ASOP) that applies to the pricing of life insurance and annuity products.  Download
Date Published: 08/24/2016
Comment / Letter

Work Group Comments to NAIC on AG 49

Life Illustrations Work Group comments to the NAIC’s IUL Illustrations (A) Subgroup regarding the extension of Actuarial Guideline 49 (AG 49) to all inforce life insurance illustrations.  Download
Date Published: 08/01/2016
Comment / Letter

LRWG Comments to LATF on Term and ULSG

Life Reserves Work Group (LRWG) comments to the NAIC’s Life Actuarial Task Force (LATF) on currently exposed amendment proposal forms on term and universal life insurance with secondary… Download
Date Published: 04/25/2016
Comment / Letter

LIWG Comments to NAIC on New Working Group

Life Illustrations Work Group (LIWG) comments to the NAIC’s Life Insurance and Annuities (A) Committee on the new working group formed to explore disclosures required in Model #580 and #582.  Download
Date Published: 01/29/2016
Comment / Letter

LIWG Comments on Life Insurance Policy Illustration Issues

Life Illustrations Work Group (LIWG) comments to the Life Insurance and Annuities (A) Committee regarding illustration issues that could be reviewed by the proposed Illustration Review (A) Working… Download
Date Published: 09/30/2015

Addendum: Compliance with Actuarial Guideline XLIX

Addendum to Illustrations Work Group’s practice note, Actuarial Standard of Practice No. 24: Compliance with the NAIC Life Insurance Illustrations Model Regulation, to reflect the recently adopted… Download
Date Published: 08/28/2015
Comment / Letter

Work Group Comment Letter on Stress Testing of Life Insurance Reserves

Stress Testing Work Group comment letter to NAIC Stress Testing (E) Subgroup on stress testing proposal as an outline for field testing of life insurance reserves.  Download
Date Published: 01/30/2015

Work Group Letter to NAIC on Principles for Sound Actuarial Guideline for Illustrations

Life Illustrations Work Group letter to NAIC Life Actuarial (A) Task Force regarding principles for a sound actuarial guideline on illustrations for life insurance products.  Download
Date Published: 01/08/2015
Comment / Letter

Comments on Exposure Draft of Life Insurance and Annuity Pricing ASOP

Life Products Committee (LPrC) comment letter to Actuarial Standards Board on exposure draft of an Actuarial Standard of Practice (ASOP) on Life Insurance and Annuity Pricing.  Download
Date Published: 12/15/2014

C-3 Work Group Recommendation on RBC Interest Rate Risk

C-3 Work Group report on recommended approach for updating regulatory Risk-Based Capital requirements for interest rate risk for fixed annuities and single premium life insurance (C-3 Phase I).   Download
Date Published: 06/12/2014

Report to NAIC on Updating RBC Requirements for Interest Rate Risk

C-3 Work Group report to NAIC’s Life-Based Capital Working Group on recommended approach for updating regulatory risk-based capital requirements for interest rate risk for fixed annuities and… Download
Date Published: 05/27/2014
Presentation

PBR Presentation to SERA Conference

Presentation on principle-based reserving for life insurance products to the Southeastern Regulators Association Conference. Download
Date Published: 10/03/2013

Academy Interest Rate Generator: Frequently Asked Questions

Updated list of frequently asked questions regarding the Version 7 of the joint Academy-SOA Interest Rate Generator for life insurance products. Download
Topics: Life Insurance
Date Published: 09/12/2013

Actuarial Standard of Practice No. 24

Update of the Practice Note for on complying with the NAIC Life Insurance Illustrations Model Regulation.   Download
Date Published: 08/29/2013

VM-20 Scope Amendment Proposal

Life Reserve Work Group amendment proposal to the Life Actuarial Task Force regarding treatment of individually underwritten certificates issued under a group life insurance contract.   Download
Topics: Life Insurance
Date Published: 08/22/2013