PUBLIC POLICY STATEMENTS (PRACTICE NOTES)

June 10, 2015
Profits Followed by Losses Subgroup practice note on accounting for profits followed by losses in long-duration contracts.
June 10, 2015
Profits Followed by Losses Subgroup practice note on accounting for profits followed by losses in long-duration contracts.
October 15, 2014
Life Financial Reporting Committee practice note detailing practices on the treatment of value of business acquired (VOBA), goodwill, and other intangible assets under the purchase method of accounting of Generally Accepted Accounting Principles, or PGAAP.
October 10, 2014
Financial Reporting Committee exposure draft of a new practice note on profits followed by losses in long-duration contracts. Comments on the exposure draft are due Nov. 10.
August 21, 2014
Asset Adequacy Analysis Committee practice note exposure draft on current practices in asset adequacy analysis and testing. Exposed for comment until Oct.6.
August 7, 2013
Update of the Large Group Medical Business Practice Note by the Large Group Medical Business Practice Note Work Group.
January 24, 2013
Exposure draft update of the Large Group Medical Business Practice Note by the Large Group Medical Business Practice Note Work Group.
October 23, 2012
Update by the Long-Term Care Practice Note Work Group of the 2003 Long-Term Care Practice Note relating to long-term care rate stability.
October 1, 2011
Pension Committee's practice note, revised October 2011, Selecting and Documenting Mortality Assumptions for Pensions to reflect changes to ASOP No. 35, Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations that went into effect in June 2011.
March 16, 2011
Life Financial Reporting Committee practice note regarding Market Consistent Embedded Values.
March 1, 2011
Financial Reporting Committee practice note on Actuarial Practices Relating to Accounting for Insurance Pursuant to International Financial Reporting Standards.
December 3, 2010
Committee on Property and Liability Financial Reporting's 2010 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.
November 12, 2010
COPLFR cross-practice area subgroup's Model Audit Rule practice note, intended to assist actuaries when supporting management's assertions per the Model Audit Rule, as applied to the evaluation and testing of key controls for the actuarial balances, including loss reserves for the financial reporting process.
September 22, 2010
Modeling Efficiency Work Group practice note regarding scenario and cell model reduction.
February 2, 2010
Life Financial Reporting Committee practice note to assist actuaries with application of FAS 133 with respect to variable annuities with guaranteed benefits.
January 4, 2010
Committee on Property and Liability Financial Reporting's 2009 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.
December 1, 2009
Life Reserves and Capital Practice Note Work Group practice note on applying principles of the September C3 Phase III report to the NAIC.
December 1, 2009
Pension Committee practice note regarding current and emerging practices in the preparation of the certification of a U.S. tax-qualified pension plans adjusted funding target attainment percentage (AFTAP), as required under the benefit-restriction provisions of the Pension Protection Act of 2006 (PPA) and associated regulations.
October 12, 2009
Pension Committee practice note with information for actuaries current and emerging practices in the selection and documentation of certain actuarial assumptions for measuring obligations of defined benefit pension plans.
September 30, 2009
PLEASE NOTE: This practice note was superceded by the 2011 practice note on the Revised Actuarial Statement of Opinion Instructions of the NAIC Health Annual Statement that went into effect Dec. 31, 2010. Practice Note created by the Health Practice Financial Reporting Committee on the revised actuarial statement of opininon instructions.