This paper estimates the acquisition and maintenance costs associated with life policies as a function of the amount of insurance and number of policies of an insurer by estimating a cost function for our sample of insurers.

Slides from a panel discussion at the Society of Actuaries 2010 Life & Annuity Symposium held in May 2010 in Tampa, FL Discussion of the expense and pressure on life insurance distribution organizations and their profitability.

Slides from a panel discussion at the Society of Actuaries 2010 Life & Annuity Symposium held in May 2010 in Tampa, FL Discussion of the expense and pressure on life insurance distribution organizations and their profitability.

This form solicits a response from companies regarding their intent to participate or not in the 2009 Individual Life and Annuity Expense Study.

This article provides encourages participation in and provides instructions for participation in the 2010 CLICE study. The objective of the 2010 study is to provide useful unit expense benchmark information to actuaries and their managements from which to assess their own unit expense performance, while expanding the level of contributions. In addition, CLICE expects the results to be useful in enhancing the generation of the Generally Recognized Expense Table GRET in the U.S. used by some companies to demonstrate compliance with the NAIC model sales illustration regulation.

Notice of Intent to Submit Data to 2010 Individual Life and Annuity Expense Study.

Experience-study instructions to contributors. Looks to develop inter-company information about expenses for many types of individual [not group] life and annuity products.

Instructions for completing the workbook for the 2009 Individual Life and Annuity Expense Study.

US GAAP for International Life Insurers, Hong Kong, 200 This session focused on the GAAP treatment of expenses: Deferrable acquisition costs, non-deferrable acquisition costs, maintenance expenses, and all other.

Basic GAAP Seminar, Chicago, September 2008. This seminar focused on GAAP treatment of expenses. Overview: Expense Categories • Deferrable acquisition • Non-deferrable – Non-deferrable acquisition – Policy-related 'maintenance' – Overhead GAAP Accounting 'gospel' • Conservatism • Consistency • Recoverability • Transparency