Academy Resources
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Practice Note
Selecting and Documenting Other Pension Assumptions
Selecting and Documenting Other Pension AssumptionsPension Committee practice note with information for actuaries current and emerging practices in the selection and documentation of certain… DownloadDate Published: 10/12/2009
Practice Note
Revised Actuarial Statement of Opinion Instructions
Revised Actuarial Statement of Opinion InstructionsPLEASE NOTE: This practice note was superceded by the 2011 practice note on the Revised Actuarial Statement of Opinion Instructions of the NAIC… DownloadDate Published: 09/30/2009
Practice Note
Application of C3 Phase II and AG XLIII
Application of C3 Phase II and AG XLIIIPractice note prepared by a work group set up by the Life Practice Note Steering Committee of the American Academy of Actuaries (VA Practice Note Work Group),… DownloadDate Published: 07/01/2009
Practice Note
FAS 157 and FAS 159
FAS 157 and FAS 159 Life Financial Reporting Committee practice note regarding compliance with Financial Accounting Standards (FAS) 157 and 159. Download
Topics: Financial Reporting
Date Published: 02/01/2009
Practice Note
Statements of Actuarial Opinion on P&C Loss Reserves (2008)
ittee on Property and Liability Financial Reporting’s 2008 practice note on Statements of Actuarial Opinion on P&C Loss Reserves. DownloadDate Published: 01/23/2009
Practice Note
Credibility
Life Valuation Subcommittee practice note intended to provide information on common practices and approaches related to actuarial issues for which credibility theory or a related approach may be… DownloadDate Published: 07/01/2008
Practice Note
Embedded Values (EV) Reporting
Life Financial Reporting Committee practice note to assist actuaries working for life insurance companies with the calculation of embedded values. DownloadDate Published: 05/01/2008
Practice Note
Medicare Part D Accounting
Medicare Part D Accounting Practice Note Subgroup practice note describing some of the current practices used by U.S. health actuaries with respect to work involving valuation, accounting, and… DownloadDate Published: 04/08/2008
Practice Note
Actuarial Equivalence for Prescription Drug Plans and Medicare Advantage Prescription Drug Plans under the Medicare Drug Program
Practice note issued by the The Actuarial Equivalence PDP/MA-PD Practice Note Work Group on the actuarial equivalence for private prescription drug plans under Medicare Part D. The practice note… Download
Topics: Medicare / Medicaid
Date Published: 03/06/2008
Practice Note
Identification and Valuation of Embedded Derivatives in Modified Coinsurance and Similar Insurance Arrangements
Life Financial Reporting Committee practice note describing some of the common practices that might be considered by actuaries in the United States in the application of the Financial Accounting… DownloadDate Published: 02/29/2008
Practice Note
Statements of Actuarial Opinion on P&C Loss Reserves (2007)
ittee on Property and Liability Financial Reporting’s 2007 practice note on Statements of Actuarial Opinion on P&C Loss Reserves. PLEASE NOTE: This practice note was superseded by the 2011 practice… DownloadDate Published: 01/16/2008
Practice Note
Disease Management
Disease ManagementPractice note created by the Disease Management Work Group to describe some of the current practices used by U.S. health actuaries with respect to work involving disease management… DownloadDate Published: 12/31/2007
Practice Note
Multiemployer Plan Actuarial Certifications under the Pension Protection Act of 2006
Multiemployer Plan Actuarial Certifications under the Pension Protection Act of 2006Pension Committee draft practice note providing guidance to actuaries preparing actuarial certifications for… DownloadDate Published: 12/10/2007
Practice Note
Anticipated Common Practices Relating to AICPA Statement of Position (SOP) 05-1: Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts
Practice note relating to AICPA Statement of Position 05-1 on insurance accounting for deferred acquisition costs in connection with modifications or exchanges of insurance contracts. Download
Topics: Financial Reporting
Date Published: 10/01/2007
Practice Note
Reinsurance Attestation Supplement 20-1: Risk Transfer Testing
Reinsurance Attestation Supplement 20-1: Risk Transfer Testing Committee on Property & Liability Financial Reporting practice note on risk transfer testing. DownloadDate Published: 02/01/2007
Practice Note
Common Practices Relating to FASB Statement 133, Accounting for Derivative Instruments and Hedging Activities, As It Relates to Variable Annuities with Guaranteed Benefits
Common Practices Relating to FASB Statement 133, Accounting for Derivative Instruments and Hedging Activities, As It Relates to Variable Annuities with Guaranteed Benefits Practice note on common… Download
Practice Note
Statements of Actuarial Opinion on P&C Loss Reserves (2006)
ittee on Property & Liability Financial Reporting’s practice note Regarding Statements of Actuarial Opinion on Property and Casualty Loss Reserves.PLEASE NOTE: This practice note was superseded by… DownloadDate Published: 01/04/2007
Practice Note
NAIC Model Regulation XXX
NAIC Model Regulation XXXLife Valuation Subcommittee practice note updating the initial practice note written in 2001 regarding the Actuarial Standard of Practice No. 40 (ASOP 40), and current… Download
Topics: NAIC
Date Published: 12/01/2006
Practice Note
Valuation of Employee Stock Options
Valuation of Employee Stock OptionsPension Practice Council draft practice note to provide guidance to actuaries and others performing valuations under the Financial Accounting Standards Board’s… Download
Topics: ASB
Date Published: 10/10/2006
Practice Note
Application of C-3 Phase II
Application of C-3 Phase IIPractice note for the Application of C3 Phase II provides guidance to actuaries dealing with the implementation of the new C-3 Phase II (VA RBC) requirements for Variable… Download
Topics: Annuities
Date Published: 09/01/2006
Practice Note
Group Long-Term Disability Insurance
Group Long-Term Disability InsurancePractice note created by a subgroup of the Health Practice Financial Reporting Committee providing a description of some of the current practices used by health… Download
Topics: Financial Reporting
Date Published: 08/01/2006
Practice Note
Attestation of Actuarial Equivalence for Plan Sponsors Accepting a Retiree Drug Subsidy Under the Medicare Drug Program
Practice note created by the Actuarial Equivalence Retiree Practice Note Work Group providing advisory guidance to actuaries attesting to the actuarial equivalence of a plan sponsor’s retiree health… Download
Topics: Medicare / Medicaid
Date Published: 03/08/2006
Practice Note
Statutory Reserves for Individual Disability Income Insurance
Statutory Reserves for Individual Disability Income InsuranceHealth Practice Financial Reporting Committee practice note describing some of the current statutory reserving practices used by… Download
Topics: Financial Reporting
Date Published: 03/01/2006
Practice Note
Small Group Medical Insurance Reserves and Liabilities
Health Financial Reporting Committee practice note addressing questions and issues regarding the valuation actuary’s responsibilities related specifically to determining reserve levels and asset… Download
Topics: Financial Reporting
Date Published: 10/31/2005
Practice Note
Reinsurance Reserve Credit
Reinsurance Reserve CreditLife Valuation Subcommittee practice note providing a description of some of the current practices that could be used by actuaries in the United States regarding reinsurance… Download
Topics: Reinsurance
Date Published: 10/01/2005