Pension Committee comments to the Pension Benefit Guaranty Corporation (PBGC) on proposed regulations concerning reportable events under ERISA Section 4043 and the purchase of irrevocable commitments prior to initiating a standard plan termination under ERISA Section 4041. (January 22, 2010)
Medical Professional Liability Subcommittee letter to Congress discussing concerns with the inclusion of a provision that would repeal the McCarran-Ferguson Act, an antitrust exemption for health and medical professional liability insurance, within the House's Affordable Health Care for America Act. Additionally, the Academy provided comments to the House on the legislation focusing on the risks insured under a variety of types of property/casualty insurance policies.
(January 21, 2010)
Health Practice Council letter to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid highlighting some of the key differences on actuarial issues between the House's Affordable Health Care for America Act (HR 3962) and the Senate's Patient Protection and Affordable Care Act. (January 14, 2010)
Risk Management and Solvency Committee comments to the NAIC on its draft paper, United States Insurance Financial Solvency Framework. (December 17, 2009)
Pension Committee comments to the Department of Labor regarding the electronic display of certain information contained in the annual Form 5500 filing for single employer defined benefit plans. (December 09, 2009)
Financial Regulatory Reform Task Force comments on H.R. 2609, the Insurance Information Act, and H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, that recommends including an explicit provision in the legislation to include important professional expertise by creating an Office of the Actuary. (November 24, 2009)
Health Practice Council letter to Sens. Harry Reid and Mitch McConnell that outlines key isuses that need to be considered when evaluating whether the Senate's health care reform bill will lead to a viable health insurance system and discusses whether the Patient Protection and Affordable Care Act addresses the outlined issues. (November 20, 2009)
Health Practice Council letter to Speaker Nancy Pelosi and Republican Leader John Boehner providing an actuarial perspective on health insurance market reforms, outlining three criteria to ensure that the current markets remain viable, and offering comments on how certain provisions of the House’s Affordable Health Care for America Act (HR 3962) conform with those criteria. (November 06, 2009)
Annuity Illustration Work Group letter to the Annuity Disclosure Working Group with more suggested revisions to an ACLI proposal for a model annuity illustration. (November 06, 2009)
Medical Professional Liability Insurance Subcommittee letter to House Speaker Nancy Pelosi regarding "The Affordable Health Care for America Act" and its possible effects on medical professional liability insurance. (November 05, 2009)
Medical Professional Liability Insurance Subcommittee tort-reform fact sheet, which is the second in a series of fact sheets published by the subcommittee designed for actuaries as well as the general public. (October 01, 2009)
Annuity Illustration Work Group comment letter to the NAIC Annuity Disclosure Working Group with suggested revisions to the ACLI model proposal. (September 14, 2009)
Life Financial Reporting Committee and Financial Reporting Committee comments to the IASB on its "Exposure Draft, Financial Instruments: Classification and Measurement." (September 14, 2009)
Academy letter to FOX News responding to a news segment about the determination of cost of living adjustments (COLAs) for Social Security. (September 04, 2009)
Pension Practice Council response to the Governmental Accounting Standards Board (GASB)'s invitation to comment on pension accounting and financial reporting. (August 03, 2009)
Valuation Table Team comment letter on concerns expressed by the American Council of Life Insurers to LHATF regarding the 2008 VBT Tables developed by the Valuation Basic Table Team. (July 28, 2009)
Federal Long-Term Care Task Force letter to the Senate Committee on Health, Education, Labor and Pensions regarding actuarial issues and policy implications on the the Community Living Assistance Services and Supports Act (CLASS Act). (July 22, 2009)
Solvency Committee comments to the National Conference of Insurance Legislators (NCOIL) on its credit default insurance model legislation. (July 09, 2009)
Life Governance Team comments to the PBR (EX) Working Group on the latest exposure draft of the Valuation Manual section addressing corporate governance. (June 05, 2009)
Annuity Illustrations Work Group comments to the Annuity Disclosure Working Group on a draft ACLI proposal for an annuity illustrations model regulation. (June 05, 2009)
Social Security Committee comment letter to the Federal Accounting Standards Advisory Board (FASAB) responding to an Exposure Draft: Accounting for Social Insurance. (June 03, 2009)
Preferred Mortality POG report to LHATF on developing a 2008 CSO table, including the advantages and disadvantages of proceeding with development of a new table. (June 02, 2009)
Medicare Steering Committee comments on the first in a series of Senate Finance Committee policy options papers, Transforming the Health Care Delivery System. (May 29, 2009)