Committees & Activities

Life Actuarial (A) Task Force
Life Insurance and Annuities (A) Committee

Mission

The mission of the Life Actuarial (A) Task Force is to identify, investigate and develop solutions to actuarial problems in the life insurance industry.

2012 Charges

The mission of the Life Actuarial (A) Task Force is to identify, investigate and develop solutions to actuarial problems in the life insurance industry.

Ongoing Maintenance of NAIC Programs, Products, or Services

  1. Study the feasibility of a new nonforfeiture law for life insurance and annuities to replace the existing nonforfeiture standards. Provide periodic status reports on this project. —Important

  2. Work with the American Academy of Actuaries and the Society of Actuaries to develop new mortality tables for the valuation of pay out annuities, for preneed, simplified issue and guaranteed issue forms of life insurance and minimum nonforfeiture requirements for life insurance. Provide periodic status reports on this project. —Important

  3. Work with the Society of Actuaries to develop the reporting of channels of distribution information needed to better establish GRET factors. —Important

  4. Review Actuarial Guideline XLIII, CARVM for Variable Annuities, and recommend changes to the requirements. —Important

  5. Review Actuarial Guideline XXXVIII, The Application of the Valuation of Life Insurance Policies Model Regulation, and recommend changes to the requirements. — Important

  6. Develop and submit proposals to facilitate the implementation of a principles-based approach to valuation. Monitor international developments regarding life and health insurance reserving. Provide periodic reports on this project. —Essential

  7. Provide assistance and commentary to other NAIC committees relative to their work on actuarial matters. —Important

Conference Call Calendar

A full list of NAIC conference calls & interim meetings is available on the NAIC Conference Call Calendar.

June 14, 2012
Conference Call
11 a.m. CDT
June 7, 2012
Conference Call
11 a.m. CDT

May 24, 2012
Conference Call
11 a.m. CDT

May 17, 2012
Conference Call
11 a.m. CDT

May 15, 2012
Conference Call
1 p.m. CDT

May 10, 2012
Conference Call
11 a.m. CDT

May 9, 2012
Conference Call
12 p.m. CDT
CANCELLED

May 2, 2012
Conference Call
1 p.m. CDT

May 3, 2012
Conference Call
11 a.m. CDT

April 26, 2012
Conference Call
1 p.m. CDT

April 17, 2012
Conference Call
12 p.m. CDT

There are no education and training events at this time.

Go to the exposure draft index.
documents and resources

Amendment Proposal Form

2012 LATF Commissioner Representatives

Generally Recognized Expense Table ("GRET"):

The report of the Society of Actuaries (SOA) Committee on Life Insurance Company Expenses regarding the 2012 GRET Factors was adopted by the NAIC Executive Committee/Plenary at the 2011 Fall National Meeting.

These factors will become the new GRET standard as of Jan. 1, 2012.

Life Insurance Illustrations Model Regulation
Related NAIC Publications

Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions
Compendium of State Laws on Insurance Topics
Life and Health Actuarial Subscription
Model Laws, Regulations and Guidelines
Contacts
Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.
Eric King
Actuary, Life/Health
Phone: 816-783-8234
Please see the current Committee List for a complete list of committee members.