PUBLIC POLICY STATEMENTS (PRACTICE NOTES)

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
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. PLEASE NOTE: This practice note was superseded by the 2012 Long-Term Care Insurance Compliance with the NAIC LTCI Model Regulation Relating to Rate Stability practice note.
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.
July 13, 1999
Life Insurance Financial Reporting Committee practice note regarding policyholder protection in mutual life insurance company reorganizations.
July 10, 1999
Life Financial Reporting Committee practice note regarding the distribution of policyholder equity in a demutualization.
July 3, 1999
Committee on Life Insurance practice note regarding additional questions to some of the current practices that could be used by illustration actuaries in the United States.
July 1, 1999
Committee on Life Insurance practice note presenting a description of some of the current practices that could be used by illustration actuaries in the United States.
November 30, 1995
State Health Committee work group practice note discussing acceptable practice for all forms of group and individual accident and health policies and contracts. The practice note does not apply to post retirement benefit obligations at this time, but may apply to products sold in meeting these obligations.