PUBLIC POLICY STATEMENTS (PRACTICE NOTES)

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. PLEASE NOTE: This practice note was superseded by the 2015 practice note on Selecting and Documenting Mortality Assumptions for Pensions.
September 30, 2009
Practice Note created by the Health Practice Financial Reporting Committee on the revised actuarial statement of opininon instructions. PLEASE NOTE: This practice note was superseded by the 2011 practice note on the Revised Actuarial Statement of Opinion Instructions of the NAIC Health Annual Statement that went into effect Dec. 31, 2010.
July 1, 2009
Practice note prepared by a work group set up by the Life Practice Note Steering Committee of the American Academy of Actuaries (VA Practice Note Work Group), updating the September 2006 C-3 Phase II practice note and representing a description of practices believed by the VA Practice Note Work Group to be commonly employed by actuaries in the United States in 2009.
February 1, 2009
Life Financial Reporting Committee practice note regarding compliance with Financial Accounting Standards (FAS) 157 and 159.
January 23, 2009
Committee on Property and Liability Financial Reporting's 2008 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.
July 1, 2008
Life Valuation Subcommittee practice note intended to provide information on common practices and approaches related to actuarial issues for which credibility theory or a related approach may be applied.
May 1, 2008
Life Financial Reporting Committee practice note to assist actuaries working for life insurance companies with the calculation of embedded values.
December 31, 2007
Practice note created by the Disease Management Work Group to describe some of the current practices used by U.S. health actuaries with respect to work involving disease management programs.
December 10, 2007
Pension Committee draft practice note providing guidance to actuaries preparing actuarial certifications for multiemployer pension plans under the Pension Protection Act of 2006 (PPA).
October 1, 2007
Practice note relating to AICPA Statement of Position 05-1 on insurance accounting for deferred acquisition costs in connection with modifications or exchanges of insurance contracts.
February 1, 2007
Committee on Property & Liability Financial Reporting practice note on risk transfer testing.
February 1, 2007
Practice note on common practices relating to FASB Statement 133, accounting for derivative instruments and hedging activities, as it relates to variable annuities with guaranteed benefits.
February 1, 2007
Committee on Property & Liability Financial Reporting practice note on risk transfer testing.
December 1, 2006
Life Valuation Subcommittee practice note updating the initial practice note written in 2001 regarding the Actuarial Standard of Practice No. 40 (ASOP 40), and current practices used by actuaries in the United States under the National Association of Insurance Commissioners’ (NAIC) Model Regulation XXX.
October 10, 2006
Pension Practice Council draft practice note to provide guidance to actuaries and others performing valuations under the Financial Accounting Standards Board’s (FASB’s) Statement of Financial Accounting Standard (FAS) Number 123, Share-Based Payments, as amended in December 2004 (FAS 123R).
September 1, 2006
Practice note for the Application of  C3 Phase II provides guidance to actuaries dealing with the implementation of the new C-3 Phase II (VA RBC) requirements for Variable Annuities (VAs).
August 1, 2006
Practice note created by a subgroup of the Health Practice Financial Reporting Committee providing a description of some of the current practices used by health actuaries in the United States for determining actuarial reserves and liabilities for Group Long Term Disability Income business.
March 1, 2006
Health Practice Financial Reporting Committee practice note describing some of the current statutory reserving practices used by individual disability income actuaries in the United States.