Description: Panelists discuss the requirements of the new Deferred Acquisition Cost [DAC] tax, and it's expected financial impact on insurers. Second part of two-part Session 6 of the 1991 Valuation Actuary Symposium. See 'Tax Issues' for first part.

Description: From an interactive forum session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Discussion of the major financial reporting issues and concerns of senior actuaries in life insurance companies. Discussion focused cash flow testing methods and interpretation of results.

Description: Presented at May 1985 Spring Meeting. This session discussed: Applicable accounting rules, Replaced policies' unamortized acquisition costs, Capitalizing additional acquisition costs for new policies, Anti-selection on mortality experience of residual block, New policies' appropriate lapse, mortality and interest assumptions, Loss recognition testing, Differences in accounting treatment between the United States and Canada.

Description: Various insurer corporate tax issues are discussed as well as some court cases involving insurer taxes, including the recent USAA Life case involving preliminary term reserves on universal life business. First part of two-part Session 6 of the 1991 Valuation Actuary Symposium. See 'The New DAC Tax' for second part with presentations by Sikora or Eldridge.