Description: The purpose of this paper is to provide a unified theory for the evaluation of underwriting requirements where this evaluation is based on the measurement of the levels of mortality costs associated with such requirements. A discussion of this paper is included.

Description: This discussion on individual sickness and accident insurance looks at the experience under major medical expense contracts with reference to sales, underwriting, claims and administration. The discussion also reviews the safeguards used for underwriting hospital expense coverage beyond age 65 and loss of time coverage for women.

Description: This section presents book reviews and summaries of recent publications: 'Fundamentals of Private Pensions, 2d Edition' by McGill, 'Pension Plans under Collective Bargaining...' by American Federation of Labor and Congress of Industrial Organizations, 'New Trends in Pensions' by Pilch and Wood, 'Valuation of Securities Holdings of Life Insurance Companies' by Fraine, 'Report of the Commission on the Cost of Medical Care, Volumes I-IV' by American Medical Association, 'Health Progress in the US, 1900-1960' by Lerner and Anderson. Also includes some digests.

Description: The purpose of this paper is to introduce a practical method for interpolation and smoothing and give a number of numerical examples using the method. The method is a variation of the Whittaker-Henderson method. Discussions of this paper are included.

Description: This section presents book reviews and summarizations of recent publications: 'Regulation of Blue Cross and Blue Shield Plans' by Eilers, 'Changes in Family Medical Care Expenditures and Voluntary Health Insurance' by Anderson, Collette, and Feldman, 'Risk Management' by Snider, 'Smoking and Health: Report of the Advisory Committee to the Surgeon General of the Public Health Service' by Public Health Service. Digests are also included.

Description: The purpose of this note is to make available to the profession several morbidity tables constructed by techniques described in the paper Continuance Functions presented in Volume XI of the Transactions. From Transactions of Society of Actuaries 1961, Vol. 11, No. 37.

Description: The purpose of this paper is to illustrate the effects of projected mortality on the pricing and valuation of individual immediate annuities. Also discusses considerations in underwriting substandard annuities. Finally, a discussion of this paper is included.

Description: Shiu derives two formulas for calculating the probability of eventual ruin in a collective risk model. This paper implements one of the formulas by incorporating an algorithm to reduce round-off error due to convolution. It gives the results of the programs for some claim distributions.

Description: Presents the results of the investigation of the mortality and withdrawal experience under permanent forms of life insurance policies issued on the attained age basis without medical examination under the Group Life conversion privilege.

Description: This paper presents discrete interpolation formulas, specifically a new method of deriving some existing formulas. The paper uses graduation theory in the interpolation method. Also include is a discussion of the paper. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.