Description: A new mortality valuation standard, the 1994 Group Annuity Reserve Table, is being proposed for new group pension business. This article discusses the industry concerns with the change from a static table to a generational table based upon mortality improvement factors.

Description: This article addresses the 2001 CSO Mortality Table and the implications for preneed insurance, for which the table has been deemed inadequate. The article explores interim measures such as additional reserves, treatment as substandard, and tax implications. There is also discussion of a model NAIC regulation which would mandate the use of 1980 CSO mortality for preneed as well as efforts to eventually establish a new preneed mortality table for valuation and nonforfeiture purposes.

Description: The Insurance Working Group of the IASB discussed models for the contract type, term insurance, in the second quarter. This summary of the current models will acquaint you with the key points of the models and a range of open issues.

Description: Part II of a two-part series discussing individual market evolution from before the ACA through President Trump's first term.

Description: Discusses some of the new and different ideas being considered by the Wilcox Committee that is working on the Unified Valuation System, UVS, especially as they relate to smaller companies.

Description: Table of contents for Volume 1, Issue No. 2 of The Record of the Society of Actuaries. These records were taken from the New York meeting, April 17-18, 1975.

Description: The Joint Actuarial Committee of the American Life Convention and the Life Insurance Association of America has been considering changes needed in the Standard Nonforfeiture and Standard Valuation laws in light of the high level of interest rates currently available and expected for future years.

Description: This article on recent developments in insurance regulation, is a discussion of the new Model Nonforfeiture and Valuation Laws the continuation of an article from the November, 1981 issue of The Actuary, and to be continued in next month’s issue. It covers topics including mortality assumptions and the new 1980 CSO Mortality Tables, maximum valuation interest rates, and maximum nonforfeiture interest rates.

Description: In this paper, Chapter VII of the 1987 Valuation Actuary Handbook, the author, an attorney with the American Academy of Actuaries, discusses the valuation actuary concept, starting with the current regulatory system. The potential legal implications, including personal liability, are explored. The author notes that “perhaps most significant is the fact that by increasing the scope of the valuation actuary’s duties, the nature and scope of potential professional liability also increase.”

Description: This article summarizes recent proposed changes to the Valuation Manual that might take effect for 2019 valuations for PBR business.