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This document is an amendment proposal for modifications to the VM-21 section of the NAIC Valuation Manual, aiming to establish clear requirements for assumptions in actuarial calculations, particularly for expense assumptions.
Year:
2021
Region / City:
NAIC
Topic:
Actuarial standards, assumptions
Document Type:
Amendment Proposal
Organization / Institution:
Texas Department of Insurance
Author:
PBR Staff of Texas Department of Insurance
Target Audience:
Actuaries, insurance regulators, and related stakeholders
Period of validity:
Not specified
Approval date:
Not specified
Date of changes:
Not specified
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The product description is provided for reference. Actual content and formatting may differ slightly.
Year:
2017
Region / City:
United States
Topic:
Actuarial guidelines, reinsurance, life insurance reserves
Document type:
Guideline
Institution:
NAIC
Author:
NAIC PBRI Task Force
Target Audience:
Actuaries, insurance companies
Period of validity:
From 1/1/2017
Approval Date:
01/01/2017
Date of changes:
01/01/2017
Year:
2021
Region / City:
United States
Theme:
Actuarial standards, reinsurance data reporting
Document Type:
Proposal Form
Organization:
NAIC (National Association of Insurance Commissioners)
Author:
Angela McNabb & Pat Allison
Target Audience:
Actuaries, insurance companies, reinsurance companies
Effective Period:
2021
Approval Date:
January 1, 2021
Date of Changes:
January 1, 2021
Context:
Proposal for amendments to the Valuation Manual (VM-50 and VM-51) related to the submission of data by reinsurers or third-party administrators for valuation purposes.
Year:
2025
Region / City:
USA
Subject:
Actuarial Standards and Projections
Document Type:
Proposal Form
Organization / Institution:
NAIC
Author:
NAIC Life Actuarial (A) Task Force
Target Audience:
Actuaries, regulators, insurance companies
Period of validity:
From June 18, 2025
Approval Date:
Not specified
Date of amendments:
Not specified
Context:
Actuarial amendment proposal addressing changes to the VM-22 Standard Projection Amount and its application in actuarial assumptions, focusing on attribution analysis and enhanced disclosures for insurance companies.
Year:
2025
Region / City:
Illinois
Topic:
Variable annuities reserve requirements
Document Type:
Amendment Proposal
Organization / Institution:
Illinois Department of Insurance
Author:
Matt Cheung
Target Audience:
Actuaries, insurance professionals
Period of Action:
Not specified
Approval Date:
Not specified
Date of Changes:
Not specified
Year:
2022
Region / City:
United States
Subject:
Actuarial Standards, Insurance, Risk Management
Document Type:
Regulatory Guidelines
Organization:
American Academy of Actuaries
Author:
Unknown
Target Audience:
Qualified Actuaries
Effective Period:
Ongoing
Approval Date:
January 1, 2022
Amendment Date:
None
Year:
2025
Region / city:
United States
Subject:
Actuarial standards, investment strategy
Document type:
Proposal
Organization / institution:
NAIC
Author:
Rachel Hemphill
Target audience:
Actuarial professionals, NAIC members
Effective period:
January 1, 2025
Approval date:
4/28/25
Date of changes:
Not applicable
Notes:
APF 2025-10
Year:
2024
Region / City:
Global
Theme:
Actuarial Practice, IFRS
Document Type:
Educational Document
Organization:
International Actuarial Association (IAA)
Author:
International Actuarial Association
Target Audience:
Actuaries, financial practitioners
Period of Validity:
N/A
Approval Date:
May 2024
Amendment Date:
N/A
Scope:
Measurement of Investment and Service Contracts under IFRS
Contact Information:
+1-613-236-0886, [email protected]
Website:
www.actuaries.org
Topic:
Reserving risk assessment
Industry:
Health insurance
Document type:
Regulatory guidance and assessment procedures
Primary focus:
Insurance reserves and actuarial opinion review
Key components:
Reserve valuation, reserve adequacy, actuarial standards compliance
Referenced filings:
Statement of Actuarial Opinion, Annual Financial Statement
Regulatory context:
State insurance department financial analysis
Responsible roles:
Analysts, appointed actuaries, supervisors
Applicable standards:
Actuarial Standards of Practice, Health Annual Financial Statement Instructions
Lines of business:
Health insurance
Intended audience:
Insurance financial analysts and regulators
Source type:
Supervisory and analytical guidance
Year:
2024
Region / City:
United States
Theme:
Health insurance, cost sharing reduction
Document type:
Memorandum
Organization / Institution:
Health Actuarial (B) Task Force
Author:
Kevin Dyke
Target audience:
Health Insurance and Managed Care (B) Committee
Period of validity:
2023–2025
Approval date:
June 3, 2024
Date of changes:
None indicated
Year:
2018
Region / City:
United States
Theme:
Annuity Mortality Tables, Non-US Lives Mortality
Document Type:
Amendment Proposal
Organization / Institution:
NAIC
Author:
Linda Lankowski, RGA; William Leung, MO DCI
Target Audience:
Actuaries, Insurance Regulators
Effective Period:
Not specified
Approval Date:
August 7, 2018
Amendment Date:
Not specified
Note:
Identification
Note:
Year
Topic:
Actuarial reports, Pension plans, Audits
Document type:
Guide
Target audience:
CPAs, Auditors
Adoption Date:
September 28, 2022
Adopting Body:
Health Actuarial (B) Task Force
Document Type:
Actuarial Guideline
Subject:
Minimum valuation standards for group term life waiver of premium disabled life reserves
Applicable Law:
Standard Valuation Law, Section 4.G.
Effective Period:
Disabilities incurred on or after January 1, 2009
Key Tables Recognized:
2005 GTLW Mortality and Recovery Tables; 2023 GTLW Mortality and Recovery Valuation Tables
Scope:
Group term life certificates with extended death benefit provisions
Primary Audience:
Insurance companies and appointed actuaries
Regulatory Authority:
Commissioner
Valuation Basis:
Present value of death benefits discounted for interest and recovery
Interest Rate Standard:
Maximum rate permitted by law for comparable life insurance guaranteed duration
Year:
2022
Region / city:
United States
Topic:
Actuarial, Financial Regulation, LIBOR Transition
Document type:
Proposal
Organization / institution:
NAIC
Author:
Alan Routhenstein, Pat Allison
Target audience:
Actuaries, Financial Institutions, Regulatory Bodies
Effective period:
Ongoing after June 30, 2022
Approval date:
June 9, 2022
Amendment date:
June 9, 2022
Year:
2016
Region / City:
Canberra
Topic:
Mental health, use of force, secure facilities
Document Type:
Procedure
Institution:
Canberra Health Services
Author:
Not specified
Target Audience:
Authorised Health Practitioners, Delegated Officers
Period of validity:
Not specified
Approval Date:
Not specified
Amendment Date:
Not specified
Jurisdiction:
Clay County, Missouri
Type of document:
Charter
Subject matter:
Opioid settlement fund governance
Purpose:
Advisory oversight and recommendations on opioid settlement fund allocation
Funding source:
Opioid Settlement Agreement
Total settlement amount:
Approximately $1,444,623.26
Funding period:
18 years
Annual allocation:
Approximately $80,000
Governing body:
Clay County Commission
Advisory body:
Clay County Opioid Settlement Task Force
Membership size:
9 members
Appointing authority:
Presiding Commissioner with consent of the Governing Body
Meeting openness:
Open to the public
Public notice law:
Missouri Open Records Act
Meeting location:
Clay County Administration, 1 Courthouse Square, Liberty, Missouri
Reporting requirement:
Formal report and proposed plan submitted to the Commission
Termination condition:
Approval of an opioid settlement utilization plan by the Clay County Commission
Year:
2015
Region / City:
United States
Topic:
Tropical Storm Force Winds, Emergency Management
Document Type:
Research Project
Agency:
National Oceanic and Atmospheric Administration (NOAA)
Author:
Eastern Research Group, Inc. (ERG), Dr. Betty Morrow, Dr. Rick Knabb, Robert Berg
Target Audience:
Emergency managers, broadcast meteorologists
Period of Validity:
N/A
Approval Date:
N/A
Date of Amendments:
N/A
Information on the entry into force of amended annexes A and B to the Minamata Convention on Mercury
Year:
2025
Region / City:
Geneva
Subject:
Mercury pollution, international environmental agreements
Document Type:
Information note
Organization:
United Nations Environment Programme (UNEP)
Author:
UNEP Secretariat
Target Audience:
Parties to the Minamata Convention, stakeholders in international environmental policy
Effective Period:
2025–2027
Approval Date:
25 April 2024
Amendment Date:
19 May 2025
Year:
2024
Region / City:
New Orleans
Topic:
Committee activities and report submission
Document Type:
Report
Organization / Institution:
Society for American Archaeology (SAA)
Author:
Kyle Bocinsky
Target Audience:
Board of Directors, Committee/Task Force members
Effective Period:
2024
Approval Date:
March 19, 2024
Date of Changes:
N/A
Executive summary of Committee’s/Task Force’s activities over the past year:
This report details the activities and membership updates of the Committee on Awards and Scholarships (CAS), highlighting the challenges in increasing award nominations and committee engagement.