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Actuarial Guidelines
Background
Last Updated: 5/14/2024
Issue: The VsportV体育 may develop and adopt actuarial guidelines in response to risk and solvency concerns.
Overview: The Life Actuarial (A) Task Force and the Health Actuarial (B) Task Force, formerly known as the Life and Health Actuarial Task Force, are often asked to help state insurance departments interpret a statute on an actuarial topic about an unusual policy form or a situation that was not considered when the statute was originally established. When the Life Actuarial (A) Task Force and the Health Actuarial (B) Task Force interpret a statute, they often consider the intent of the statute, including why the statute was initially adopted, as well as the current environment.
Because these situations are common in all states, the Life Actuarial (A) Task Force and the Health Actuarial (B) Task Force believe that published actuarial guidelines on these topics would be beneficial for state regulatory officials and that the guidelines would promote uniformity in regulation, which is beneficial to consumers and regulators. Therefore, the Life Actuarial (A) Task Force and the Health Actuarial (B) Task Force have developed certain actuarial guidelines and will continue to produce these guidelines as needed. The guidelines should not be seen as statutory revisions but instead as a guide when applying a statute to a specific circumstance.
Actions
Recent examples of actuarial guidelines include and , which relate to long-term care insurance (LTCI) and life insurance, respectively. Actuarial guidelines are published in the Accounting Practices and Procedures Manual (AP&P Manual).
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Business Call - Agenda to follow
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Business Call - Agenda to follow
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To be determined.
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To be determined.
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Discuss and consider adoption of the Alternative Proposal for revised cost-sharing factors associated with the MSA Framework鈥檚 Single LTCI Multistate Rate Review Approach.
About This Meeting
- Consider adoption of Valuation Manual Amendments
- Consider adoption of Asset Adequacy Testing for Reinsurance Actuarial Guideline
About This Meeting
To be determined.
About This Meeting
Purpose: Discuss P&C actuarial issues.
About This Meeting
To be determined.
About This Meeting
To be determined.
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PURPOSE: To facilitate training and the sharing of expertise through predictive analytics webinars (aka "Book Club").
TOPIC: The Evolution of Advanced Driver Assistance Systems (ADAS) and Automated Driving
PRESENTER: Matt Moore of HLDI
About This Meeting
Agenda 鈥 June 12, 2025
- Consider Adoption of APF 2025-04, Generator of Economic Scenarios (GOES)
- APF 2025-04 051525 Exposure Version
- APF 2025-04 without Weighted Average and 7-Year Phase-in for Task Force Consideration
- American Academy of Actuaries Comment Letter
- American Council of Life Insurers Comment Letter
- Consider Adoption APF 2025-06 and Life Knowledge Statements
- Appointed Actuary
- Illustration Actuary
- Qualified Actuary
- Other Matters
- APF 2025-04 051525 Exposure Version
- APF 2025-04 without Weighted Average and 7-Year Phase-in for Task Force Consideration
- American Academy of Actuaries Comment Letter
- American Council of Life Insurers Comment Letter
- APF 2025-06 and Life Knowledge Statements
- Appointed Actuary
- Illustration Actuary
- Qualified Actuary
About This Meeting
Agenda 鈥 June 5, 2025
- Consider Adoption of Actuarial Guideline ReAAT
- ACLI Comment Letter
- Bruce Friedland Comment Letter
- Peter Gould Comment Letter
- Consider Adoption of APF 2025-08 VM-30 Identification SAO
- Consider Adoption of APF 2025-09 Reinsurance Expenses
- Consider Adoption of APF 2025-10 Reinvestment Guardrail
- Other Matters
About This Meeting
Agenda 鈥 May 29, 2025
- Discuss Comments Received on AG ReAAT 5/2 Exposure
- Reins AAT LATF Presentation 052925
- Academy Comment Letter
- ACLI Comment Letter
- AG ReAAT ACLI Markup
- CIRCA Comment Letter
- RAA Comment Letter
- Virginia Comment Letter
- Consider Final Exposure of AG ReAAT
- AG ReAAT 050225
- Other Matters
About This Meeting
PURPOSE: To facilitate training and the sharing of expertise through predictive analytics webinars (aka "Book Club").
TOPIC: Wildfire Model Updates and New Geospatial Rating Approach
PRESENTER BIO: Dr. Huairen Ye is an accomplished data scientist and geographer with over 10 years of experience in data science, GIS, and geospatial research. She earned a PhD in Geographic Information Science from the University of Tennessee, where her research focused on healthcare access through GIS and statistical methods. Currently, Dr. Ye serves as the Data Science Lead at Guidewire, where she leads model development and research initiatives, including wildfire risk modeling. Throughout her career, she has consistently delivered impactful solutions, including developing predictive models that generate millions in revenue and successfully leading product development efforts that have shaped industry standards. Her expertise spans statistical modeling, geospatial analysis, big data computation, and risk management, with a strong emphasis on product development and thought leadership. Fluent in English, Chinese, and Minnan, Dr. Ye is passionate about mentoring and empowering the next generation of data scientists.
About This Meeting
To be determined.
About This Meeting
Agenda 鈥 May 15, 2025
- Consider Re-Exposure of APF 2025-04 Generator of Economic Scenarios
- Other Matters
About This Meeting
Agenda 鈥 May 8, 2025
- Consider Adoption of APF 2024-16
- AAA Comment Letter
- SC Demo
- NFF Comparisons at Different Interest Rates
- ACLI Comment Letter
- John Hancock Comment Letter
- AAA Comment Letter
- Consider Adoption of APF 2025-07
- Consider Exposure of APF 2025-08 (VM-30 Identification)
- Consider Exposure of APF 2025-09 (Reinsurance Expense Guidance Note)
- Consider Exposure of APF 2025-10 (Reinvestment Guardrail is Minimum Credit Quality)
About This Meeting
Agenda 鈥 May 1, 2025
- Discuss Asset Adequacy for Reinsurance Actuarial Guideline (AG ReAAT)
- Reins AAT LATF Presentation 050125
- American Academy of Actuaries Comment Letter
- American Council of Life Insurers Comment Letter
- CIRCA
- Comment Letter
- AG ReAAT Draft w/ Embedded Comments
- CL Life Comment Letter
- Graeme Group
- Comment Letter
- AG ReAAT Draft w/ Embedded Comments
- John Robinson Comment Letter
- NALC Comment Letter
- Peter Gould Comment Letter
- RRC Comment Letter
- Transamerica Reinsurance Comment Letter
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- Reins AAT LATF Presentation 050125
- American Academy of Actuaries Comment Letter
- American Council of Life Insurers Comment Letter
- CIRCA Comment Letter
- CIRCA AG ReAAT Draft w/ Embedded
- CL Life Comment Letter
- Graeme Group Comment Letter
- Graeme Group AG ReAAT Draft w/ Embedded Comments
- John Robinson Comment Letter
- NALC Comment Letter
- Peter Gould Comment Letter
- RRC Comment Letter
- Transamerica Reinsurance Comment Letter
About This Meeting
Agenda 鈥 April 24, 2025
- Consider Adoption of the Task Force鈥檚 Spring National Meeting Minutes
- Consider Adoption of APF 2025-02
- Maryland Comment Letter
- Consider Re-exposure of APF 2025-05
- ACLI Comment Letter
- Consider Re-exposure of Life Knowledge Statements
- Appointed Actuary
- Illustration Actuary
- Qualified Actuary
About This Meeting
Thomas Holmes from Akur8 will present 鈥淐omparison of Penalized Modeling Techniques鈥.
About This Meeting
To be determined.
About This Meeting
The agenda will include: 1) consideration of exposure of a revised GOES APF 2025-04; 2) review of a revised GOES VM-20 Deterministic Reserve scenario methodology; and 3) discussion of key GOES Model Governance topics.
About This Meeting
Agenda 鈥 April 3, 2025
- Consider Direction to VM-22 (A) Subgroup Regarding the Standard Projection Amount (SPA) and Disclosures
- LATF to VM-22 Subgroup on SPA and Disclosures
- Consider Exposure of Revised APF 2025-02 Statutory Interest Rate Rounding
- Consider Exposure of APF 2025-07 VM-21 CSMP Method Removal
- Consider Exposure of APF 2025-XX Appointed Actuary and Qualified Actuary Knowledge Statements
- Other Matters
About This Meeting
Continue discussion of observations and issues regarding the P/C Statement of Actuarial Opinion instructions.
About This Meeting
Agenda 鈥 March 6, 2025
- Discuss Comments Received on the Asset Adequacy for Reinsurance Actuarial Guideline (AG Re AAT) Draft
- American Academy of (Academy)
- American Council of Life Insurers (ACLI)
- ACLI Comment Letter
- ACLI AG ReAAT Edits
- ACLI AG ReAAT Edits Clean
- Cayman International Reinsurance Companies Association (CIRCA)
- National Alliance of Life Companies (NALC)
- Peter Gould
- Risk Regulatory Consulting (RRC)
- Texas
- Valmark
- Other Matters
- Asset Adequacy for Reinsurance Actuarial Guideline (AG Re AAT) Draft
- American Academy of (Academy) Comments
- ACLI Comments
- ACLI AG ReAAT Edits
- ACLI AG ReAAT Edits (Clean)
- Cayman International Reinsurance Companies Association (CIRCA) Comments
- National Alliance of Life Companies (NALC) Comments
- Peter Gould Comments
- Risk Regulatory Consulting (RRC) Comments
- Texas Comments
- Valmark Comments
About This Meeting
Purpose: Continue discussion of observations and issues regarding the P/C Statement of Actuarial Opinion instructions
About This Meeting
The purpose of this call is to consider adoption of revised Committee Charges and any other matters.
About This Meeting
TBD
About This Meeting
PURPOSE: The purpose of this call is to facilitate training and the sharing of expertise through predictive analytics webinars (aka "Book Club").
TOPIC: Missing Data Analysis: An Actuarial Perspective
About This Meeting
About This Meeting
The purpose of this call is to hear working group updates, hear presentation on Telematics Surveys, and expose Schedule P Phase 1 changes.
About This Meeting
To be determined.
About This Meeting
Agenda 鈥 February 6, 2025
- Consider Adoption of APF 2024-16
- American Academy of Actuaries Comment Letter
- ACLI Comment Letter
- Consider Exposure of APF 2025-01 鈥 NPR Prudent Estimate Mortality
- Consider Exposure of APF 2025-02
- Other Matters
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