PUBLIC POLICY STATEMENTS (PRACTICE NOTES)

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.  
October 1, 2005
Life Valuation Subcommittee practice note providing a description of some of the current practices that could be used by actuaries in the United States regarding reinsurance reserve credit.
September 1, 2005
Life Practice Note Steering Committee practice note intended to provide guidance to actuaries dealing with the implementation of the new risk-based capital and reserving requirements for Variable Annuities, C-3 Phase II and Actuarial Guideline VACARVM.
August 1, 2005
Practice Note created by the Medicaid Rate Certification Work Group to provide nonbinding guidance to actuaries who certify rates or rate ranges for capitated Medicaid managed care programs.
August 1, 2005
Practice Note developed by a work group of the Health Practice Financial Reporting Committee to provide a description of some of the current practices used by health actuaries in the United States for determining actuarial reserves and liabilities for individual accident and health insurance business.
April 5, 2005
Life Financial Reporting Committee practice note on anticipated common practices relating to AICPA Statement of Position 03-1: accounting and reporting by insurance enterprises for certain nontraditional long-duration contracts and for separate accounts.
December 2, 2004
Life Valuation Subcommittee practice note updating the initial practice notes written in 1995 regarding asset adequacy analysis practices used by appointed actuaries in the United States.
May 1, 2003
PLEASE NOTE: This practice note was superceded by the 2012 Long-Term Care Insurance Compliance with the NAIC LTCI Model Regulation Relating to Rate Stability practice note. Practice Note developed by the Long-Term Care Work Group of the State Health Committee to  provide guidance to LTCI pricing actuaries when pricing LTCI policies under the rate stability provisions of the 2000 Model Regulation by providing examples of some reasonable approaches that could be taken in performing this work.
December 1, 2002
Practice note presenting questions relative to the National Association of Insurance Commissioner’s (NAIC) Actuarial Guideline XXXIX – Reserving for Variable Annuities with Guaranteed Living Benefits.
May 15, 2001
PLEASE NOTE: This practice note was withdrawn by the Pension Practice Council (September 12, 2012).
July 23, 1999
Committee on State Life Insurance Issues practice note divided into two sections, statutory reserve and accounting requirments, and asset adequacy analysis considerations.
July 18, 1999
Committee on State Life Insurance Issues practice note presenting a description of some of the current practices that could be used by illustration actuaries in the United States.