Description: An attorney and a statistician will discuss the latest on GenAI, the AI regulation and litigation affecting the use of AI in insurance. Some of the topics that will be covered include: How generative AI works, Risks of generative AI systems, Use cases for AI, Regulatory trends, Litigation trends

Description: Discusses the recent firing of the Social Security Commissioner and the president's legal authority to do so.

Description: Author highlights historical nonforfeiture and federal tax law changes, as they have impacted life product designs, in prognosticating about future product designs.

Description: Stakeholders in a specific state (Minnesota) were interviewed about the potential value -- and obstacles -- of a catastrophic backstop program to handle long term care (LTC) financing needs. The design would entail a payroll deduction which would produce a fund to pay LTC expenses once a deductible period (of 1 to 4 years, depending on income) was reached. This design was believed to encourage enrollees to cover the front end better than done today, whether by private insurance or other means.

Description: This article discusses the court cases dealing with the severability of the individual mandate from the Affordable Care Act. Severability is related to essentiality, and actuarial input was relied upon to determine essentiality. The article concludes with lessons that actuaries should learn from the legal proceedings.

Description: This session at the SOA 2001 Toronto Spring Meeting looks at the issue of federal versus state regulation of insurance. Activities of the ACLI to develop an optional federal charter for companies and activities of the NAIC to improve speed to market are discussed.

Description: 2021 ImpACT Conference - Session 1D: Reserved Roles for Actuaries in Defined Contribution Plans 10.25.21 Recording

Description: 2021 ImpACT Conference - Session 7D: Commissioner's Roundtable 10.27.21 Recording

Description: Since the Affordable Care Act implemented minimum loss ratio provisions for health plans, several states have passed or at least considered minimum loss ratio regulation for dental plans. While such regulations are intended to improve insurer efficiency and promote value to consumers, they can have unintended negative consequences if the unique characteristics of the dental insurance market are not considered. Learn about this hot topic, including loss ratio basics, recent legislative activity in the dental loss ratio space, how dental differs from medical, and why those differences are critical to account for when trying to regulate loss ratios in that market.

Description: 2021 ImpACT Conference - Session 7E: Impact of COVID-19 on LTC 10.27.21 Recording