Description: In light of the bankruptcies of Enron and WorldCom, this panel at the 2003 Valuation Actuary Symposium addresses legislative and regulatory activity, potential implications for the regulation of professions in the United States, and implications for valuation actuaries.

Description: In this session 2PD of the 2004 Valuation Actuary Symposium panelists share their perspectives on valuation-actuary-related issues, including the hot issues from a regulatory concern.

Description: A pension plan uses Actuarial Equivalence to determine a 'fair' adjustment to pension benefits for form and timing of payment. The definition of Actuarial Equivalence is set in the Plan Document which may not have been reviewed for decades. With a wave of recent pension litigation in the U.S., plan sponsors, attorneys and actuaries now pay more attention to how pension plans define Actuarial Equivalence. How does a change in mortality table or interest rate affect the ultimate benefit? What are the requirements under ERISA and pertinent regulations? Are there court cases that have examined this question before? What are the issues behind the recent lawsuits and what can a plan sponsor do now to reduce their legal exposure? What alternative strategies are available for changing or not changing the definition in the plan document?

Description: This panel discussion occurred at the SOA's 1980 June Meeting in San Diego and covered Risk Classification. Panelists discussed basic priciples of risk classificiation, and common elements from various systems.From Record of Society of Actuaries, Vol. 6, No. 3.

Description: This presentation is a panel discussion, session number 26PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The Enron scandal is likely to result in a more transparent disclosure of balance sheet liabilities. The panelists provide a professional/legislative update and offer pragmatic tips to valuation actuaries about how to respond effectively to increased scrutiny. They discuss the Corporate Accountability Act and the increased oversight of the accounting profession that will result, and the implications for actuaries working in accounting firms. They emphasize the importance for actuaries to be aware of the higher standards of independence and the need to follow actuarial standards of practice. Discussion from participants is included.

Description: Panel of this session 57PD of the New York Annual Meeting provides a comprehensive overview and unique insight into various regulatory and compliance issues. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: This 1981 session focused on the relative roles of regulation and the actuary in three countries - the United Kingdom, the United States and Canada. It looked at valuation and solvency, contracts, rate control and disclosure. From Record of Society of Actuaries, Vol. 7, No. 3.

Description: Discussion of recent economic, social and political environment and trends and the impact they have had on insurance regulation and needed changes in the regulations and regulatory process.

Description: This presentation is an overview of the Meeting from the Record of the SOA Vol.6 No. 1. The session summarizes points from each concurrent session of the meeting and includes issues about the effect of governmental actions and consumerism on product design and pricing of the future, risk classification in the 1980's, nonforfeiture and valuation concerns in the 1980's and effect of taxation in the 1980's.

Description: This is a series of reports on topics including: 1. Recent legislative developments, 2. Report on Joint Actuarial Committee Meeting, and 3. Position statement by Robert J. Myers. From Transactions of Society of Actuaries, Vol 22, Pt. 2, No. 63.