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Contact: Andrew Simonelli Phone: 202.785.7872 Email: Date: May 18, 2010

Actuary to Testify to Insurance Commissioners on Annuities What:

The American Academy of Actuaries Life Products Committee Chairperson Cande Olsen will be a panelist during an upcoming National Association of Insurance Commissioners (NAIC) public hearing regarding the emergence of stranger originated/owned annuities. The hearing will be hosted by the NAIC’s Life Insurance and Annuities Committee. A copy of Cande Olsen’s testimony on behalf of the American Academy of Actuaries Life Products Committee is available at:


Cande Olsen, Chairperson of the Life Products Committee American Academy of Actuaries


Thursday, May 20, 2010 11 a.m. to 5 p.m. Olsen is scheduled to deliver remarks from 12:15 to 12:30 p.m.


Washington Court Hotel 525 New Jersey Avenue, NW, Washington DC

Contact: For more information about this hearing, please visit: To schedule an interview with Cande Olsen, please contact Andrew Simonelli, assistant director of communications for the American Academy of Actuaries, at 202.785.7872 or For more information on the American Academy of Actuaries, please visit: ### The American Academy of Actuaries is a 16,000-member professional association whose mission is to serve the public on behalf of the U.S. actuarial profession. The Academy assists public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.