The VM-22 drafting subgroup of the Annuity Reserve Work Group (ARWG) submitted comments to LATF’s VM-22 subgroup on draft sections of VM-22 that cover all non-variable annuities and deposit funds.
()The Long-Term Care Practice Note Work Group has extended to July 8 the exposure period for the LTC rate stability practice note, "Long-Term Compliance with the National Association of Insurance Commissioners Long-Term Care Insurance Model Regulation Relating to Rate Stability."
()The Life Illustrations Work Group submitted a comment letter to the Life Actuarial Task Force on the ACLI proposal for an Actuarial Guideline for Indexed Universal Life Illustrations.
The Long-Term Care Practice Note Work Group has released an exposure draft of the Long-Term Care Rate Stability Practice Note, titled Long-Term Care Insurance Compliance with the National Association of Insurance Commissioners Long-Term Care Insurance Model Regulation Relating to Rate Stability. The practice note will be exposed for a comment period of 30 days. (04/30/2012)
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The IFRS 17 Work Group of the Financial Reporting Committee submitted comments to International Financial Reporting Standards (IFRS) Foundation Interpretations Committee Chairperson Bruce Mackenzie on the foundation’s tentative agenda decision Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).
()The Life Reserves Work Group presented to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting with background information on the VM-20 Asset Default Methodology and Development Process.
()Life Financial Soundness/Risk Management Committee made a presentation to NAIC’s Life Actuarial Task Force on whether the direct iteration approach for the deterministic reserve results in the same amount as the gross premium valuation approach currently required by VM-20.
()Chris Trost, Chairperson of the C-2 Work Group, gave an update to the Life Risk-Based Capital (E) Working Group at the NAIC 2019 Fall National Meeting.
()The ERM/ORSA Climate Related Financial Disclosures Working Group shared an update to the National Association of Insurance Commissioners (NAIC) Climate and Resiliency (EX) Task Force at its National Meeting. Work Group Chair, Michelle Young, and Academy Assistant Director of Research, Steve Jackson, shared the group's research and analysis thus far, along with plans for phase two of the project.
()The Annuity Reserve Work Group delivered a report to the Life Actuarial Task Force proposing the modification of Actuarial Guideline 33 as a solution to reserving for guarantee living income benefits.
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