Description: Presented at May 1985 Spring Meeting. This session discussed: AICPA activity in purchase accounting, Merger/Acquisition accounting, Assumption reinsurance, Minority interest accounting alternatives, Foreign mergers, acquisitions, and joint ventures accounting, Tax considerations in structuring mergers and acquisitions.

Description: Announces the Section has sponsored an educational paper written by Diane Wallace, entitled “Risk Transfer in Life Insurance Company Reinsurance Transactions.” The article also gives a synopsis of the article and who it pertains to.

Description: This session from the 1984 SOA Salt Lake City Meeting reviews the status of Federal Income Taxation with respect to Life Insurance Companies, Policyholder Taxation and the Current Legislative Outlook.

Description: Presented at October 1996 Annual Meeting. This discussion examines the National Association of Insurance Commissioners Model law regarding the use of assumption reinsurance.

Description: Experts discuss: [1] recent life-insurer M&A transactions, [2] the seller's perspective, including their motivation and their actuarial appraisal of the book of business, [3] the buyer's perspective, including their motivation and their actuarial appraisal, [4] due diligence, [5] Purchase GAAP [PGAAP], [6] issues that arise at or after the transaction's closing, and [7] reinsurance and non-reinsurance programs that address capital-management and tax-planning needs for such a transaction. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: Discusses statutory accounting variations, credit-for-reinsurance rules [surplus-relief regulation, security for unauthorized reinsurance, and mirror reserving], GAAP vs. statutory accounting, and an update on recent reinsurance-related activities of the AICPA and the American Academy of Actuaries. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: In an open-format session, panelists discuss current tax issues relating to reinsurance and address questions from the audience. Two specific tax issues addressed were: [1] tax treatment of ceding commissions in the case of surplus-relief or other financial-reinsurance transactions, and [2] IRCode Section 845b and tax-motivated reinsurance transactions. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.