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Life Actuarial (A) Task Force

2021 Membership

2021 Adopted Charges

LIFE ACTUARIAL (A) TASK FORCE

The mission of the Life Actuarial (A) Task Force is to identify, investigate and develop solutions to actuarial problems in the life insurance industry.

Ongoing Support of NAIC Programs, Products and Services

  1. The Life Actuarial (A) Task Force will:
    1. Work to keep reserve, reporting and other actuarial-related requirements current. This includes principle-based reserving (PBR) and other requirements in the Valuation Manual, actuarial guidelines, and recommendations for appropriate actuarial reporting in blanks. Respond to charges from the Life Insurance and Annuities (A) Committee and referrals from other groups or committees, as appropriate.
    2. Report progress on all work to the Life Insurance and Annuities (A) Committee and provide updates to the Financial Condition (E) Committee on matters related to life insurance company solvency. This work includes the following:
      1. Work with the American Academy of Actuaries (Academy) and the Society of Actuaries (SOA) to develop new mortality tables for valuation and minimum nonforfeiture requirements, as appropriate, for life insurance and annuities.  
      2. Provide recommendations for guidance and requirements for accelerated underwriting, as needed. 
      3. Evaluate and provide recommendations regarding the VM-21/AG 43 Standard Projection Amount, which may include continuing as a required floor or providing as disclosure. This evaluation is to be completed prior to year-end 2023.
      4. Work with the SOA on the annual development of the Generally Recognized Expense Table (GRET) factors.
      5. Provide recommendations and changes, as appropriate, to other reserve and nonforfeiture requirements to address issues, and provide actuarial assistance and commentary to other NAIC committees relative to their work on actuarial matters.
      6. Work with the selected vendor to develop and implement a new economic scenario generator (ESG) for use in regulatory reserve and capital calculations.
      7. Monitor international developments regarding life and health insurance reserving, capital and related topics. Compare and benchmark with PBR requirements.
  2. The Variable Annuities Capital and Reserve (E/A) Subgroup of the Life Risk-Based Capital (E) Working Group and the Life Actuarial (A) Task Force will:
    1. Monitor the impact of the changes to the variable annuities reserve framework and RBC calculation and determine if additional revisions need to be made.
    2. Develop and recommend appropriate changes, including those to improve accuracy and clarity of variable annuity (VA) capital and reserve requirements.
  3. The Experience Reporting (A) Subgroup will:
    1. Continue development of the experience reporting requirements within the Valuation Manual. Provide input, as appropriate, for the process regarding the experience reporting agent, data collection, and subsequent analysis and use of experience submitted.
  4. The Indexed Universal Life (IUL) Illustration (A) Subgroup will:
    1. Monitor the results and practices of IUL illustrations following implementation of Actuarial Guideline XLIX-A—The Application of the Life Illustrations Model Regulation to Policies with Index-Based Interest to Policies Sold On or After December 14, 2020 (AG 49-A). Provide recommendations for consideration of changes to Life Insurance Illustrations Model Regulation (#582) to the Life Actuarial (A) Task Force, as needed.
  5. The Longevity Risk (E/A) Subgroup of the Life Actuarial (A) Task Force and the Life Risk-Based Capital (E) Working Group will:
    1. Provide recommendations for recognizing longevity risk in statutory reserves and/or risk-based capital (RBC), as appropriate. Complete by the 2021 Summer National Meeting.
  6. The Valuation Manual (VM)-22 (A) Subgroup will:
    1. Recommend requirements, as appropriate, for non-variable (fixed) annuities in the accumulation and payout phases for consideration by the Life Actuarial (A) Task Force. Continue working with the Academy on a PBR methodology for non-variable annuities.
  7. The Guaranteed Issue (GI) Life Valuation (A) Subgroup will:
    1. Provide recommendations regarding valuation requirements for GI life business, including any appropriate mortality table(s) for valuation as well as nonforfeiture. Initial recommendations are to be provided to the Life Actuarial (A) Task Force by the 2021 Summer National Meeting.

NAIC Support Staff: Reggie Mazyck/Jennifer Frasier

Life Actuarial (A) Task Force (1)

2021 Spring National Meeting
Life Actuarial (A) Task Force (1)
Thursday, April 08, 2021
10:00 AM - 1:00 PM CT

Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, April 22, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, April 29, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, May 06, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, May 13, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, May 20, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, May 27, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, June 03, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, June 10, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, June 17, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, June 24, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, July 01, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, July 08, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, July 22, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, July 15, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for this call is to consider amendments to the Valuation Manual and other valuation requirements.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, March 18, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, March 11, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, March 04, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 90 min
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, February 25, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, February 18, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, February 11, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, February 04, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, January 28, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, January 21, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

To be determined.


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, December 17, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 2 hr
Webex Link

The purpose for this call is to continue discussions on the Economic Scenario Generator.


Life Actuarial (A) Task Force

Public Conference Call
Thursday, November 12, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose for this call will be to consider Valuation Manual amendments and other reserving requirement issues.


Life Actuarial (A) Task Force

Public Conference Call
Thursday, November 05, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose for this call will be to consider Valuation Manual amendments and other reserving requirement issues.


Life Actuarial (A) Task Force

Public Conference Call
Thursday, October 29, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose for this call will be to consider Valuation Manual amendments and other reserving requirement issues.


Joint Call: Life Actuarial (A) Task Force & Life Risk-Based Capital (E) Working Group
Joint Call:
Life Actuarial (A) Task Force
Life Risk-Based Capital (E) Working Group

Public Webex Meeting
Tuesday, October 27, 2020
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT Expected Length of Call: 1 hr
Webex Link

The topic of the call will be the background and deliverables for implementation of the new Economic Scenario Generator.


Life Actuarial (A) Task Force

Public Conference Call
Thursday, October 22, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose for this call will be to consider Valuation Manual amendments and other reserving requirement issues.


Life Actuarial (A) Task Force

Public Conference Call
Thursday, October 15, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

CALL CANCELED


Life Actuarial (A) Task Force

Public Webex Meeting
Thursday, October 08, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

The purpose for the call will be to consider Valuation Manual amendments and other reserving requirement issues.


Life Actuarial (A) Task Force

Public Conference Call
Thursday, October 01, 2020
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose for this call will be to consider Valuation Manual amendments and other reserving requirement issues.


Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Reggie Mazyck
Life Actuary 
Phone: 202-471-3991

Please see the current Committee List for a complete list of committee members.