Description: This investigation was undertaken to determine what the electrocardiogram and X-ray, if used routinely, would contribute to the selection of risks with an elevated blood pressure, and to test the accuracy of our impression that women tolerate hypertension better than men.

Description: Covers experience from 1973 - 1978 on nonsmoker mortality to be used by the NAIC and its Technical Advisory Committee as a basis for developing interim valuation standards for nonsmoker ordinary business. Interim scaling factors to be applied to specified valuation mortality tables are also provided to develop smoker and non-smoker valuation mortality.

Description: A. Discusssion of the practical considerations involved in deciding whether or not to adopt projected mortality rates in connection with individual annuities, settlement options, retirement income policies, and the various forms of group annuities. B. In view of increased administrative expenses, discussion of the arguments for and against imposing limitations on the granting of settlement options with respect to size of policy, including the practicality of providing for the expense of administering supplementary contracts other than through the use of conservative mortality and interest assumptions.

Description: The purpose of this paper is to introduce a practical method for interpolation and smoothing and give a number of numerical examples using the method. The method is a variation of the Whittaker-Henderson method. Discussions of this paper are included.

Description: Discusses mortality improvements over the last 20 years, the extent to which premiums on nonparticipating policies reflect the changes in mortality experience, the proposed new valuation table, should valuation tables be split by gender, and extra mortality on substandard lives at very long durations.

Description: This discussion reviews underwriting and the possibilities of using extra premiums as an alternative to a war clause. Also a discussion of the experience of Great Britain and other countries with war deaths of 1 military personnel and 2 civilians and how this experience might be used to anticipate the extent of possible civilian war catastrophes and their effect on life insurance companies in United States and Canada. This panel further explores problems arising in connection with aviation risks as well as with the underwriting of war correspondents, Red Cross workers, members of the Merchant Marine and other auxiliary services.

Description: The goal of this paper is to develop best possible estimates for the higher moments of a distribution of a positive bounded random variable, such as claim amounts, where these estimates are given in terms of the mean.

Description: This is the discussion of the paper by J. Alan Lauer that develops the apportionate basis for the immediate payment of claims as an alternative to continuous functions. A new function, the apportionable annuity due, is defined and derived and formulas for net premiums and terminal reserves on the apportionable basis are developed. Then an investigation is made of the relationship of net premiums and terminal reserves on the apportionable basis to the corresponding functions on the continuous functions basis.

Description: This paper develops the apportionate basis for the immediate payment of claims as an alternative to continuous functions. A new function, the apportionable annuity due, is defined and derived and formulas for net premiums and terminal reserves on the apportionable basis are developed. Then an investigation is made of the relationship of net premiums and terminal reserves on the apportionable basis to the corresponding functions on the continuous functions basis.

Description: This is a discussion on the paper of the same name.