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Long-Term Care Actuarial (B) Working Group
2019 Membership

2020 Proposed Charges

The Long-Term Care Actuarial (B) Working Group will:

  1. Assist the Health Actuarial (B) Task Force in completing the following charges:

    1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model rules for appropriate LTCI rates, rating practices and rate changes.
    2. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
    3. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.

2019 Charges

The Long-Term Care Actuarial (B) Working Group will:

A. Assist the Health Actuarial (B) Task Force in completing the following charges:

  1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model rules for appropriate long-term care insurance (LTCI) rates, rating practices and rate changes.
  2. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
  3. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
Calendar
Long-Term Care Actuarial (B) Working Group

2019 Fall National Meeting
Austin Texas
Long-Term Care Actuarial (B) Working Group
Friday, December 06, 2019
1:00 PM - 3:00 PM CT

JW Grand Ballroom 1-4 - Level 4

Long-Term Care Actuarial (B) Working Group 191024

Conference Call
Thursday, October 24, 2019
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr

Continue discussion of the referral from the Financial Analysis (E) Working Group.

Long-Term Care Actuarial (B) Working Group

Conference Call
Tuesday, September 24, 2019
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr

Continue discussion of the referral from the Financial Analysis (E) Working Group.

 

Related NAIC Publications

Draft meeting minutes are available free for meeting attendees 10 business days after a national meeting concludes, using the User ID and Password supplied by the NAIC. Regulators may access minutes via StateNet.
Final committee minutes and Proceedings of the NAIC are available to non–attendees, after adoption at the next national meeting, for free in the PDF format through the NAIC Products & Services website.

Contacts

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

Eric King
Health Actuary
816-783-8234

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

 

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