Description: This discussion focused on looking at the immediate uses of the 1951 Impairment Study for the smaller company, the use of new technology such as punch card machines in an effort to reduce cost, methods of budget procedure, use of interim financial reporting and attendant issues such as interim period reserve computations, and problems with underwriting, commission accounting, or conflict with interests of own agents when small companies accept business from agents or brokers of other companies.

Description: The topic of this discussion focused on the new methods of calculation, processing, and valuation using electronic equipment. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.

Description: This discussion on expenses, briefly looks at what the smaller company can do about increasing unit costs and in view of increased costs, what simplifications can be made in the routine of policy change procedures.

Description: This discussion looks at how the allocation of income tax by line of business is handled, how tax liability may be estimated for annual statement purposes and if it has been found desirable to employ special tax consultants.