AAA - American Academy of Actuaries to NAIC

  • American Academy of Actuaries
    • Life Illustrations Work Group
    • Life Products Committee (LPrC)
    • Universal Life Work Group
 
  • 1981 - AAA - Journal - Statement 1981-12 - Exhibit C - Possible Changes In Some Sections Of The Life Insurance Buyer's Guide (LIBG), American Academy of Actuaries
  • 1981-2, NAIC Proceedings - AAA to NAIC Task Force on Manipulation, Lapsation, Dividend Practices and Annuity Disclosure - re: Report of the Committee on Dividend Principles and Practices - ATTACHMENT ONE-B, American Academy of Actuaries - (p732-734) - 3p
  • 1988-1, NAIC Proceedings - AAA - Task force report on valuation & nonforfeiture provisions of Universal Life Model Regulation, American Academy of Actuaries - p494-
  • 1988-2, NAIC Proceedings - AAA - Report of the Committee on Life Insurance of the American Academy of Actuaries on the NAIC Life Insurance Yield Comparison Index, American Academy of Actuaries - p512-
  • 1999 10 - AAA - Report of the American Academy of Actuaries' Equity Indexed Universal Life Work Group to the Life and Health Actuarial Task Force of the NAIC - 19p
  • 2001 12 - AAA to NAIC - Risk Management in the Insurance Industry - Session 7a, American Academy of Acturies - 51p
  • 2005 03 - AAA to NAIC - Progress Report of the American Academy of Actuaries’ Universal Life Work Group - Presented to the National Association of Insurance Commissioners’ Life and Health Actuarial Task Force Salt Lake City, UT – March 2005, American Academy of Actuaries - 43p
    • Universal Life Work Group Initial Modeling Results, American Academy of Actuaries - 34p
  • 2005 09 - AAA to NAIC - Framework for Life Reserve Valuation Main Report 09-01-2005, American Academy of Actuaries - 43p
  • 2006 01- AAA to NAIC - Life Practice Council Cycle Report, American Academy of Actuaries - 7p
    • A. Risk-Based Capital
      • The Life Capital Adequacy Subcommittee (LCAS) made significant progress with the National Association of Insurance Commissioner's (NAIC) Capital Adequacy Task Force’s (CADTF) solution for C-3 risk for equity guarantees (C-3 Phase 2), which would replace the traditional factor-based approach with a non-formulaic (principles-based) approach based on internal models.
  • 2006 12 - AAA to NAIC - Report on Valuation Effects of a Principle Based Approach (“PBA”) For Accumulation Type Universal Life, American Academy of Actuaries’ Life Reserves Work Group Modeling Subgroup, American Academy of Actuaries - 15p
  • Non-traditional risks pose the greatest threat
    • Top three were:
      1. customer loyalty
      2. competitive threats
      3. operational failure (p43)
  • C. Life Insurance is only Balance sheet where 99% of the reserves (the major liability risk item) include no indication of what the company actually believes about the listed future obligations other than that they are adequate.  (p49)

2001 12 - AAA to NAIC - Risk Management in the Insurance Industry - Session 7a, American Academy of Acturies - 51p

  • 2014 0523 - AAA to NAIC IULISG - IUL Illustration Subgroup - Life Illustrations Work Group comment letter to the Life Actuarial Task Force on ACLI proposal for an Actuarial Guideline for Indexed Universal Life Illustrations., American Academy of Actuaries - 3p
  • 2014 1205 - AAA to NAIC - 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., American Academy of Actuaries - 6p
  • 2015 0311 - AAA to NAIC IULISG - IUL Illustration Subgroup - Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on exposed actuarial guideline for indexed universal life illustrations., American Academy of Actuaries - 4p
  • 2015 0414 - AAA to NAIC IULISG - IUL Illustration Subgroup - Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on proposed actuarial guideline for indexed universal life illustrations., American Academy of Actuaries - 2p
  • 2015 0930 - AAA to NAIC LIAC - (Julie Mix McPeak - Chair, Life Insurance and Annuities (A) Committee) -  re: LIBG, Illustrations, American Academy of Actuaries - 3p
  • 2016 1218 - AAA to NAIC LIAC - LIWGCommentsNewWorkingGroup_012816, , American Academy of Actuaries - 1p
  • 2017 1019 - AAA to NAIC LIBGWG -  Work Group Comments on Life Insurance Buyer’s Guide Discussion Draft - Non-Guaranteed Elements Work Group comment letter on the NAIC’s Life Insurance Buyer’s Guide (A) Working Group discussion draft, American Academy of Actuaries - 2p
  • 2017 1031 - AAA to NAIC - Committee Comment Letter on Proposed ASOP - pricing of life insurance and annuity products, American Academy of Actuaries - 11p