The Working Group will be working on their priorities for the year.

Continue discussion of observations and issues regarding the P/C Statement of Actuarial Opinion instructions. 

Agenda – April 3, 2025

1. Consider Direction to VM-22 (A) Subgroup Regarding the Standard Projection Amount (SPA) and Disclosures
   
   1. LATF to VM-22 Subgroup on SPA and Disclosures
2. Consider Exposure of Revised APF 2025-02 Statutory Interest Rate Rounding
3. Consider Exposure of APF 2025-07 VM-21 CSMP Method Removal
4. Consider Exposure of APF 2025-XX Appointed Actuary and Qualified Actuary Knowledge Statements
5. Other Matters

Meeting Materials

The agenda will include: 1) consideration of exposure of a revised GOES APF 2025-04; 2) review of a revised GOES VM-20 Deterministic Reserve scenario methodology; and 3) discussion of key GOES Model Governance topics. 

The purpose of this meeting is to discuss comments received on the Statistical Handbook

VM-22 Subgroup Agenda – April 9, 2025

1. VM-22 Subgroup Schedule in 2025
2. SPA Policyholder Behavior Assumptions
   
   1. Academy Comments
   2. ACLI Comments
   3. Proposed Revisions
3. Aggregation
   
   1. ACLI Comments
   2. E&Y Model Office Impacts
   3. Finalize Decision
4. Reserve Category for Deferred Annuities with GLBs and Depleted Fund Value (time pending - may cover on 4/16 call)
   
   1. ACLI Comments
   2. Finalize Decision
5. Payout Annuity Threshold for Automatic Exclusion (time pending - may cover on 4/16 call)
   
   1. 2024 YE Statistics on Payout Reserves
   2. Vote on Payout Threshold
6. Deterministic Certification Option (time pending - may cover on 4/16 call)
   
   1. Academy Comments
   2. ACLI Comments
   3. Finalize Decision

Discussion will focus on key concerns with determining risk transfer and reinsurance credit on co-insurance and YRT life reinsurance contracts. 

Consumer guide on selecting health plans and avoiding improper marketing practices.

VM-22 Subgroup Agenda – April 16, 2025

1. VM-22 Subgroup Schedule in 2025
2. Reserve Category for Deferred Annuities with GLBs and Depleted Fund Value
   1. Discuss status of this topic
3. Payout Annuity Threshold for Automatic Exclusion
   1. 2024 YE Statistics on Payout Reserves
   2. Vote on Payout Threshold
4. Deterministic Certification Option
   1. Academy Comments
   2. ACLI Comments
      
      1. Proposed Language
   3. Revised Draft
   4. Finalize Decision
5. Guidance Note on LATF SPA Referral  

The purpose of the meeting is to 1) Discuss the 2025 work plan, 2) Hear a presentation on October Research and the benefits of insurance regulators participating in the NS3 conference, and 3) Hear a presentation on the latest activity from the federal level, including developments related to title insurance alternatives and other issues that could impact the title industry.

Thomas Holmes from Akur8 will present “Comparison of Penalized Modeling Techniques”.

Virtual meeting to 1) Consider Adoption of Nov. 18, 2024, Meeting Minutes, 2) Hear a Presentation from NORML on What to Expect in 2025 Related to Cannabis and Hemp with the New Administration, and 3) Hear a Presentation from ATACH on State-Based Regulation of Intoxicating Hemp Cannabinoids

April 23^rd Agenda

1. VM-22 Subgroup Schedule in 2025
2. Consideration Re-exposure of the VM-22 Framework
3. Consider exposure of the VM-22 Supplement and Instructions
4. Discuss future projects for the VM-22 Subgroup

Review of ACA state flexibilities

Agenda – April 24, 2025

1. Consider Adoption of the Task Force’s Spring National Meeting Minutes
2. Consider Adoption of APF 2025-02
   
   1. Maryland Comment Letter
3. Consider Re-exposure of APF 2025-05
   
   1. ACLI Comment Letter
4. Consider Re-exposure of Life Knowledge Statements
   
   1. Appointed Actuary
   2. Illustration Actuary
   3. Qualified Actuary

Virtual meeting to discuss the 2025 work plan. 

 As directed by the NAIC Executive Committee, the Life Insurance and Annuities (A) Committee will to meet to discuss the work of the Life Workstream of the Special Committee on Race and Insurance (SCORI) and any potential next steps.

The purpose of this meeting is to discuss comments received on the Statistical Handbook

The purpose of the call is to receive and discuss comments on INT 24-01 Principles Based Bond Implementation Question and Answers referral, receive and discuss comments on INT 24-02 Medicare Part D Prescription Payment Plan referral, and refer Proposal 2025-03-CA Underwriting Risk Inv Update to Capital Adequacy (E) Task Force.