Accident and Health Working Group of the Life and Health Actuarial Task Force
Date

The Accident and Health Working Group of the Life and Health Actuarial Task Force met on Saturday, March 29, 2008.

• During this meeting, the Working Group:
• Discussed modifications to the Actuarial Opinion section of the Health Annual Statement Instructions. The Working Group recommended that the Life and Health Actuarial Task Force invite the Casualty Actuarial and Statistical (C) Task Force to form a joint subgroup to discuss making the process to name the appointed actuary consistent in all lines of business.
• Discussed the project to update the refund calculation in Appendix A of the Model Regulation to Implement the NAIC Medicare Supplement Minimum Standards Model Act. The Working Group decided to put the project on hold while the proposed changes to the Social Security Act are considered.
• Reviewed suggested language from the Senior Issues (B) Task Force for a section in the NAIC Medicare Supplement Insurance Model Regulation Compliance Manual regarding innovative benefits. A subgroup was appointed to review this section and any other changes that would be required in the Compliance Manual.
• Reviewed two sections of the proposed valuation manual, VM-25 - Health Insurance Reserves Minimum Reserve Requirements and VM-26 - Credit Life and Disability Reserve Requirements.
• Approved minutes of the Feb. 19, 2008 conference call.

Action Items:

1. Adopted its Feb. 19, 2008 conference call minutes.