Insurers seek disability table delay

The Health Actuarial Task Force, part of the NAIC’s Health Insurance and Managed Care Committee, is working with outside actuaries to help the insurance industry replace the 1987 Commissioners Group Disability Income Table with a table based on new experience data.

The NAIC has been talking about requiring carriers to use more data from the official table rather than data based on their own insureds. 

An actuary with one large insurer suggested in October 2012 that the shift could lead to that insurer having to increase group LTD statutory reserves by $200 million.

See also:

• NAIC panel adds LTCI, disability charges
• Disability proposal could be costly, commenters say
• Actuaries Add Ways to Slice Group Disability Valuation Table Data