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American Academy of Actuaries Submission to ERISA Advisory Council for DOL Consultation on Interpretive Bulletin 95-1 (PDF)
American Academy of Actuaries
July 18, 2023 28 pages. "[This submission includes:] [1] Materials ... outlining the state insurance regulations applicable to life insurance companies operating in the United States. The materials focus on the regulatory framework governing solvency requirements, including the establishment of liabilities and required capital for benefit obligations that are the result of a pension risk transfer. [2] An issue brief authored by the Pension Committee of the American Academy of Actuaries focusing on 'buy-out' annuity contract transactions." |
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