Academy Resources

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Comments on White Paper, ‘The U.S. National State-Based System of Insurance Financial Regulation and the Solvency Modernization Initiative’

Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC… Download
Date Published: 04/30/2012
Comment / Letter

Letter to NAIC Regarding Accounting for Pension Benefits and OPEBs

Pension Accounting Committee and Joint Committee on Retiree Health letter to the National Association of Insurance Commissioners (NAIC) on the exposure drafts of Statements of Statutory Accounting… Download
Date Published: 12/09/2011

Comments on NAIC ORSA Guidance Manual

ERM Committee comments on wording suggestions to the NAIC on its Own Risk and Solvency Assessment (ORSA) Guidance Manual recognizing the model risk for insurers.   Download
Date Published: 10/28/2011
Comment / Letter

Comments on ‘Statement of Statutory Accounting Principles No. 101 – Income Taxes, A Replacement of SSAP No. 10R and SSAP No. 10’

DTA Bridge Group letter to the NAIC relating to the SSAP No. 101 – Income Taxes, A Replacement of SSAP No. 10R and SSAP No. 10 recently adopted by the NAIC’s Statutory Accounting Principles… Download
Date Published: 10/25/2011
Comment / Letter

Letter on Social Security to President Obama, Congress and Joint Select Committee on Deficit Reduction

Social Security Committee letter urging the president, congressional leaders, and the Joint Select Committee on Deficit Reduction to improve the long-term solvency and sustainability of Social… Download
Date Published: 09/22/2011
Comment / Letter

Letter on Medicare to Joint Select Committee on Deficit Reduction

Medicare Steering Committee comment letter to the members of the new Joint Select Committee on Deficit Reduction urging action to improve the long-term solvency and sustainability of the Medicare… Download
Date Published: 08/31/2011

Comments to IAIS on ComFrame paper

Solvency Committee’s comments to the International Association of Insurance Supervisor (IAIS) on its concept paper, Common Framework for the Supervision of Internationally Active Insurance Groups…. Download
Date Published: 08/25/2011

Comments on NAIC ORSA Guidance Manual

ERM Committee comments to the NAIC on its Own Risk and Solvency Assessment (ORSA) Guidance Manual supporting its view that the manual offers ORSA guidance which focuses on the most fundamental… Download
Date Published: 08/25/2011
Comment / Letter

Comments on IAIS Concept Paper, ‘Common Framework for the Supervision of Internationally Active Insurance Groups’

Solvency Committee comments to the NAIC on its ComFrame Concept Paper Draft US Responses and supports the position that the modules should be outcome-oriented rather than prescriptive. Download
Date Published: 08/15/2011

Comments on IAIS Concept Paper, ‘Common Framework for the Supervision of Internationally Active Insurance Groups’

Solvency Committee comments to the NAIC on its ComFrame Concept Paper Draft US Responses and supports the position that the modules should be outcome-oriented rather than prescriptive.   Download
Date Published: 08/15/2011
Comment / Letter

Comments on ‘Common Framework for Supervision of Internationally Active Insurance Groups’

Solvency Committee comments to the International Actuarial Association (IAA) on the International Association of Insurance Supervisor (IAIS) concept paper, Common Framework for the Supervision of… Download

Comments on ‘Common Framework for Supervision of Internationally Active Insurance Groups’

Solvency Committee comments to the International Actuarial Association (IAA) on the International Association of Insurance Supervisor (IAIS) concept paper, Common Framework for the Supervision of… Download
Comment / Letter

P/C RBC Committee Letter on SMI Project

Property/Casualty RBC Committee update in response to the NAIC’s request for assistance with the Solvency Modernization project on the NAIC’s Risk-Based Capital formulas. This update discusses the… Download
Date Published: 07/21/2011

Congressional Testimony on Social Security’s Solvency

Public Interest Committee Chairperson testimony to the U.S. House Committee on Ways and Means Subcommittee on Social Security. Tom Terry, the Committee Chairperson, told the subcommittee that… Download
Date Published: 07/08/2011

Congressional Testimony on Social Security’s Solvency

Public Interest Committee Chairperson testimony to the U.S. House Committee on Ways and Means Subcommittee on Social Security. Tom Terry, the Committee Chairperson, told the subcommittee that… Download
Date Published: 07/08/2011

Comments on Revised IAIS ICP 14: Valuation for Solvency Purposes

Solvency Committee input to the NAIC on the recently revised International Association of Insurance Supervisors paper, Insurance Core Principle 14: Valuation for Solvency Purposes.  Download
Date Published: 05/18/2011
Comment / Letter

Comments on IAIS Paper ICP14: ‘Valuation for Solvency Purposes’

Solvency Committee comments on the IAIS paper, ICP14: ‘Valuation for Solvency Purposes.’ Download
Date Published: 03/24/2011

Comments on IAIS Paper ICP14: ‘Valuation for Solvency Purposes’

Solvency Committee comments on the IAIS paper, ICP14: ‘Valuation for Solvency Purposes.’   Download
Date Published: 03/24/2011

Comments on Valuation for Solvency Purposes

Solvency Committee comments to the IAA and additional comments to the NAIC on the IAIS paper, ICP 14: “Valuation for Solvency Purposes.”   Download
Date Published: 03/24/2011

Comments on NAIC ORSA Proposal

ERM Committee comments to the NAIC on its U.S. Own Risk and Solvency Assessment (ORSA) Proposal.   Download
Date Published: 03/18/2011
Comment / Letter

Letter to NAIC’s P/C Risk-Based Capital Working Group on RBC SMI Project

P/C RBC Committee letter to the NAIC’s P/C RBC Working Group regarding the Academy’s joint report in response to the NAIC’s request for assistance with its Solvency Modernization project on its RBC… Download
Date Published: 02/22/2011

Letter to NAIC on Medicare Part D Survey Request

Medicare Part D RBC Subgroup letter to the NAIC’s Health RBC Working Group asking it to sponsor and administer a survey of carriers that write Medicare Part D business. The survey is designed to… Download

Comments on Principles for Reducing Reliance on CRA Ratings

Solvency Committee comments to the IAIS on the Financial Stability Board’s (FSB) Principles for Reducing Reliance on Credit Rating Agencies (CRA) Ratings document.   Download
Date Published: 02/03/2011
NAIC Report

Joint Report on SMI Project

Life, Health, and Property/Casualty RBC committees joint report in response to the NAIC’s request for assistance with the Solvency Modernization (SMI) project on the NAIC’s Risk-Based Capital (RBC)… Download
Date Published: 02/02/2011