Description: The Society’s Committee to Recommend a New Mortality Basis for Individual Annuity Valuation was formed in 1980 at NAIC request because the margins in the 1971 IAM Table had eroded. This article describes the development of the 1983 Table a and shows how well the 1973 Experience Table fits the underlying data.

Description: Chronicles the two-year history of the Committee on Life Insurance Company Valuation Principles, COLICVP, and looks ahead to the future.

Description: This article discusses the charge of a joint committee of the SOA and American Academy of Actuaries to define the role of the valuation actuary in the U.S.A.

Description: This article summarizes the results of the first part of a U.S. Appointed Actuaries survey asking about the usefulness of the various documents that have been created to guide valuation actuaries.

Description: Article from The Actuary, November 1971 – volume 5 - Issue 9 is an update on the current efforts of the ALC-LIAA Joint Actuarial Committee to bring about certain changes in the Standard Valuation Law and the Standard Non-forfeiture Law. These efforts may have an important influence on operations of life insurance companies in the United States.

Description: Discussion of the 1998 Generally Recognized Expense Table GRET and questions pertaining to the acceptable use of the GRET to demonstrate compliance with the NAIC Life Insurance Illustrations Model Regulation.

Description: First of a 2 part series: The Actuarial Science Program at the University of Nebraska includes a course on Actuarial Roles and Ethics. In 1978 the students in this class sent a questionnaire to 265 persons, mostly alumni of the Program, aimed at finding out how actuaries see themselves, and to what extent ethical questions have impinged upon them. This article gives answers by 61 Fellows 60 F.S.A.'s and one F.C.A.S.

Description: This article is written in response to the article that appeared in the February/March issue of The Actuary entitled Better Standards for Setting Standards written by Dave Kass. It discusses the process itself, the time it takes to develop or change standards and how quickly new ideas should be incorporated in the standards.

Description: This article gives an example of how a proposed change to Actuarial Standard of Practice No. 4 would decrease the quality of work done by the actuary of a pension plan or increase misunderstanding.

Description: This article from The Actuary, November 1996, Volume 30, No. 9 discusses the value of the actuary. What is our value to our publics? Is it in sheepishly agreeing with statutory impositions -pension plans are a social good that should have favored status as long as they pay their fair share - or is it in sticking to, then clarifying and explaining, our principles regardless of the penalties? Our corporate agreement with the notion that there are “individually realistic actuarial assumptions.”