Description: Discussion of the establishment of deferred tax assets or liabilities under Statutory codification

Description: Feature article discussing the requirements of AG33.

Description: A review of Section 404 of the Sarbanes-Oxley Act, including a review of the need for life and health insurance actuaries to review and, in most cases, substantially strengthen their internal controls over financial reporting.

Description: A description of current council member areas of responsibility, Life & Annuity Symposium sessions to be sponsored, and other future projects.

Description: Recently, in preparation for a meeting of all section chairpersons, I was asked to compile a list of the most important issues facing financial reporting actuaries over the next several years. This question caused me to think about where we have been and where we are today—in order that I might form some type of backdrop for analyzing the future needs of our section members.

Description: Chairperson’s column describing ways members of the Section can volunteer for section activities.

Description: This article discusses a number of product variations seen in the market with respect to Universal Life products with secondary death benefit guarantees, factors leading to those designs and considerations regarding the adequacy of reserves that emerge under AXXX formulas. This article also identifies a series of factors that authors believe will make it difficult to quickly and equitably resolve these issues through formula-based changes.

Description: Article discusses the measurement objectives being considered by the FASB and IASB joint project to produce a new accounting standard for insurance contracts.

Description: After 12 issues over three years, this is my last issue as editor of The Financial Reporter. It has been a very interesting job, with so many issues to address! I have met many bright, good people. I have made some friends. I have seen some articles in print because I saw a need and found a way to meet it. But I have also seen good articles in print when I had no idea that there was even a need! I have experienced the joy of helping bridge the gap between an author’s thoughts and the readers’ minds. I have enjoyed working with the authors, and I have enjoyed the sense that I was partnering with them to improve our financial reporting community. As we see in numerous instances, our fates are intertwined.

Description: discussion of the capital management alternatives for funding the additional reserves required due to Actuarial Guideline XXX