Description: In May of 2001 the Credit Insurance Experience Committee was asked to respond to the National Association of Insurance Commissioner’s request to the Society of Actuaries to develop a recommendation for a uniform national valuation standard for credit life insurance policy reserves. This document contains the recommendation along with supporting material.

Description: Update on statutory Valuation reserves and required surplus for variable annuities with living benefit guarantees

Description: This 1979 session focused on the future of individual deferred annuities. Topics included: 1. Regulatory and Tax Problems a. S.E.C. exemptive provisions b. Tax questions c. Standard Nonforfeiture Law for Individual Deferred Annuities 2. Prospects for Profitability a. Disintermediation b. Improving the prospects for profits 3. Portfolio Method of Crediting Interest vs. Investment Year Method 4. Marketing 5. Product Design a. Different product features b. Lapse experience c. Recent innovations

Description: This 1981 session concerned Individual Life Insurance Cost Disclosure Issues including i. Current Status of Cost Disclosure Requirements 2. Responses to Cost Disclosure Pressures 3. Future Needs and Problems 4. Vehicles Available to Effect Changes There is also a discussion of replacements and the need for better communication of the comparisons of the replaced policy to the new policy to prospective buyers.

Description: This 1978 session focused on Individual Life Products in the Employee Market. Topics included: 1. What is the current status of the Section 79 market. 2. The Retired Life Reserve concept. 3. Trends in Deferred Compensation products. 4. Recent activity in the Key Person and Split Dollar markets.

Description: From a session at the 2002 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, September 19–20, 2002 Discussion of issues and the impact of current statutory valuation requirements for life insurance policies. Requirements covered include the Actuarial Standard of Practice on XXX, Actuarial Guideline AXXX, and Actuarial Guidelines 36 and 37. Products and issues discussed include nonlevel premium or nonlevel benefit insurance e.g., selective term, universal life with secondary guarantees or shadow accounts, determination of X factors, interpretation issues regarding XXX, variable life, and variable universal life, equity-indexed universal life, and the new CSO mortality table.

Description: This session from the 1983 SOA Hollywood, Florida Meeting discusses the new standard non-forfeiture and valuation laws, specifically addressing the status of state approval, smoker/non-smoker mortality, 1980 CSO Tables, impact on product design and implementation issues.

Description: 1962 SOA Regional Meeting, Jacksonville. This is a discussion about the various impacts on group life insurance of the new Commissioners 1960 Standard Group Mortality Table. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2.

Description: This 1980 session covers amendments to the SNL and SVL and the anticipated revision to the CSO Mortality Table. Questions discussed: 1. What changes can be expected in requirements in the1980's? 2. What changes in products design will likely emerge from these? 3. What will be the effect on future gross premium, cash value, and reserve levels? 4. Will these changes be compatible with all economic forecast scenarios? 5. Will these changes create a need for increased gross premium rates or for higher company surplus levels? 6. Should attention to solvency measures be increased? 7. Are the allowable valuation interest rates sufficiently liberal?

Description: This session from the 1984 SOA Salt Lake City Meeting discusses health insurance including the topics of the Washington loss ratio report, problems which lead to regulatory difficulties later on, claims monitoring, setting claim reserves and pricing individual health policies.