Description: A review of the development of the 2005 Version of the Generally Recognized Expense Table GRET, to be used to show compliance with the NAIC Life Insurance Illustration Model Regulation and the associated Actuarial Standard of Practice

Description: This article provides a description of the development process for the 2003 GRET factors. The results were also presented and discussed.

Description: On September 24, 1970, the New York Actuaries Club sponsored a panel discussion on the need for revision of the New York Expense Limitation Law, Section 213, in the light of its history and purpose. This article summarizes that discussion.

Description: This article is a discussion of a measure of life insurance policy cost which the author refers to as “aggregate administrative cost ratio,” based on figures from the life insurance companies’ annual statements filed with state insurance commissioners. The article provides the formulas for calculation and demonstrates how the cost ratios can be a useful tool for an individual considering the purchase of life insurance.

Description: This is an article about The SOA’s Committee on Life Insurance Company Expenses CLICE and its completion of its fourth inter-company study of expenses for individual life and annuity business issued in the United States.

Description: This article discusses how insurers that focus on their core competencies and astutely outsource other functions will become more competitive and improve their performance.

Description: T3: TAXING TIMES TIDBITS

Description: This article highlights GRET, the Generally Recognized Expense Table, which was included in the Life Insurance Illustrations Model Regulation. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: Discusses the use of allocated and marginal expenses in pricing life insurance products.

Description: The purpose of this article is to discuss some concerns the author's company has had in administering first-dollar reinsurance and to raise awareness of issues you may wish to consider for your reinsurance arrangement.