Description: The purpose of this paper is to sketch the mathematical functions which are needed in valuing the benefits of a self-insured plan, and to study certain problems that arise in connection with the valuation of these plans. From Transactions of Society of Actuaries 1950, Vol. 2, No. 2.

Description: This is a discussion of the paper, Actuarial Note: The Valuation of Self-Insured Retirement Plans by Joseph C. Noback. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.

Description: Discussion of the 1958 CSO Mortality Table: 1. Considerations regarding continuous functions, age last birthday and changing reserve methods 2. Likelihood of Canadian adoption 3. Impact on extended insurance and automatic premium loan provisions.

Description: This article contains reviews of the following books: 1. 'Fundamental Mathematics of Life Insurance' by Floyd S. Harper and Lewis C. Workman, 2. 'Mathematics of Compound Interest' by Marjorie V. Butcher and Cecil J. Nesbitt, 3.'Compound Interest and Annuities-Certain' by D. W. A. Donald, 4. 'Demography' by P. R. Cox, 5. 'The Spirit and the Uses of the Mathematical Sciences' edited by Thomas L. Saaty and F. Joachim Weyl, 6. 'Ethics, Morality, and Insurance' by John D. Long, 7. Reports of the 1971 Advisory Council on Social Security, 8. 'Medical Care at Public Expense' by Mark V. Pauly 9. 'Eleventh Actuarial Valuation of the Assets and Liabilities under the Railroad Retirement Acts as of December 31, 1968, with Technical Supplement' by the Railroad Retirement Board, 10. 'Nouvelles tables-types de mortalité' by Sully Ledermann, 11. 'A Table of Expected Working Life for Men, 1968' by Howard W. Fullerton, 12. 'Disability-Determination and Evaluation' by Henry H. Kessler, 13. 'Industrial Safety Statistics: A Re-examination' by Jerome B. Gordon, Allan Akman, and Michael L. Brooks, 14. 'Pensions and Severance Pay for Displaced Defense Workers' by Hugh Folk and PauI Hartman, 15. 'Trends and Variations in Fertility in the United States' by Clyde V. Kiser, Wilson H. Grabill, and Arthur A. Campbell, 16. 'Benefit Plans in Junior Colleges' by Francis P. King, 17. 'The Consumer's Guide to Insurance Buying' by Vladimir P. Chernik, and 18. 'Private Pension Scheme Finance' by Sylvia and Leslie Tutt. Notices of other studies and articles are also included. From Transactions of Society of Actuaries 1971, Vol. 23, Pt. 1, No. 67.

Description: This article contains reviews of the following books: 1. 'Accounting for Life Insurance Companies' by Charles L. Van House and W. Rogers Hammond, 2. 'Accidents and Homicide' by Albert P. Islsant and Paul V. Joliet, 3. 'Prognosis: Clinical Factors in Risk Appraisal' by Thomas A. Keith, 4. 'Early Retirement: The Decision and the Experience' by Richard Barlield and James Morgan, 5. 'Pension Fund Investment Management' edited by Esmond B. Gardner, and 6. 'Tower of Strength: A Centennial History of the New Zealand Government Life Insurance Office' by C. W. Vennell. Notices of miscellaneous notes and studies are also included. From Transactions of Society of Actuaries 1970, Vol. 22, Pt. 1, No. 62.

Description: The purpose of this paper is to set forth a mathematical technique which in the author's experience has proved useful in testing the tax implications of various management actions.

Description: From the 1960 Transactions Vol. 12 No. 33, this ‘Digest of Informal Discussion’ took place at the 1960 Eastern Spring Meeting of the Society of Actuaries, held in Washington, D.C. March 24-25. The participants discussed the effects of federal income tax on the guarantees involved in annuity considerations, settlement options, pension funds, interest on funds left on deposit, and nonparticipating premiums.

Description: This is a discussion of the paper, 'A Convenient Method of Providing for Mortality Improvement Based on the a-1949 Table' by James E. Hoskins. Discusses seriousness of errors that can develop under certain circumstances, provides a formula for adjusting by modes of payment, discusses circumstances in which differences between Hoskins' method and Projection B is greater than in the example used in the paper, etc.

Description: These are discussion papers on the paper, 'The ELAS Life Income Mortality Table' by Harry Walker. That paper describes the derivation of the ELAS Life Income Mortality Table, which has been adopted by the Equitable Life Assurance Society as the mortality basis for the life income option of the modes of settlement in its current series of policy forms and for the calculation of premiums under currently issued individual deferred annuity contracts.

Description: This paper describes current approaches for determining an actuarial appraisal value of a life insurance company, proposes a new approach for a more appropriate actuarial valuation and examines the differences between the twor methods. A discussion of the paper follows. From Transactions of Society of Actuaries 1978, Vol. 30.