Table of Contents

• Feature Articles
• Margins in Medical Claim Liabilities under Future Accounting Models
• Rowen B. Bell
• A Layman's Guide to Corporate-Owned Life Insurance
• Rick Schnurr
• Stochastic Analysis of Long-Term Multiple-Decrement Contracts
• Matthew Clark and Chad Runchey
• Principles Underlying Actuarial Science
• Mark Allaben, Christopher Diamantoukos, Arnold Dicke, Sam Gutterman, Stuart Klugman, Richard Lord, Warren Luckner, Robert Miccolis, Joseph Tan
• Society of Actuaries' Research Project on Financial Reporting for Insurance Contracts under Possible Future International Accounting Standards
• Sam Gutterman, Jennifer Liang, Tracey Polsgrove, Randy Tillis