PUBLIC POLICY STATEMENTS (PRACTICE NOTES)

March 7, 2016
ERM/ORSA Committee exposure draft of a new practice note, Quantifying Risk Exposures for Own Risk and Solvency Assessment Reports.
December 22, 2015
Committee on Property and Liability Financial Reporting Statements of Actuarial Opinion on P/C Loss Reserves practice note. PLEASE NOTE: This practice note is updated annually. Click here to see the current practice note on Statements of Actuarial Opinion on Property and Casualty Loss Reserves.
December 11, 2015
Pension Committee exposure draft of practice note for measuring obligations of defined benefit pension plans that include variable annuity benefits.
August 28, 2015
Addendum to Illustrations Work Group’s practice note, Actuarial Standard of Practice No. 24: Compliance with the NAIC Life Insurance Illustrations Model Regulation, to reflect the recently adopted Actuarial Guideline 49.
June 15, 2015
Pension Committee's practice note, “Selecting and Documenting Mortality Assumptions for Pensions,” revised to reflect a new mortality improvement scale (BB) published by the Retirement Plans Experience Committee (RPEC) of the Society of Actuaries in 2012, mortality table RP-2014, and mortality improvement scale MP-2014 published by the Society of Actuaries in 2014. 
June 15, 2015
Pension Committee's practice note, “Selecting and Documenting Mortality Assumptions for Pensions,” revised to reflect a new mortality improvement scale (BB) published by the Retirement Plans Experience Committee (RPEC) of the Society of Actuaries in 2012, mortality table RP-2014, and mortality improvement scale MP-2014 published by the Society of Actuaries in 2014. 
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. PLEASE NOTE: This practice note was superseded by the 2015 practice note on Selecting and Documenting Mortality Assumptions for Pensions.
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. PLEASE NOTE: This practice note is updated annually. Click here to see the current practice note on Statements of Actuarial Opinion on Property and Casualty 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.