Description: Article Editorial by Webster in The Actuary, September 1978, Volume 12, Number 7

Description: The U.S. actuarial profession is debating whether to introduce Dynamic Solvency Testing DST in the United States and what role it should take in the regulatory process. This article offers some insight into how the DST has fared in Canada, what issues have emerged since it was introduced, and how the DST will evolve differently in the United States.

Description: A discussion of maturity extension riders and the related pricing and nonforfeiture issues.

Description: Article Ode To A Part Three Student by Adler in The Actuary, April 1979, Volume 13, Number 4. Poetry.

Description: Author's views about adjustment of earnings. The thesis is, simply, that the distortion of earnings is caused by the establishment of a statutory reserve in the annual statement which differs from a realistic evaluation of the future liability. As a corollary, the concept of prepaid acquisition expense as a basis of adjustment will be seen to be inappropriate.

Description: Article on mutual life companies inclusion in adjusted statutory earnings developments.

Description: In Canada, the actuarial considerations involved in developing financial reporting and disclosure principles have for some years been under active study by the Canadian Institute of Actuaries CIA and others, with a goal of moving toward one system of financial reporting for all users. The author discusses current proposals starting with a 1974 report released by the CIA, and the work of an Advisory Committee with members from the actuarial and accounting professions, industry, and Provincial Insurance Departments, appointed by the Federal Superintendent of Insurance, which completed its work in the form of a written report.