The Actuarial Practice Forum – May 2007

Table of Contents

• Feature Articles
• A Multi-Stakeholder Approach to Capital Adequacy
• Robert A. Painter, ACAS, MAAA, and Dan Isaac, FCAS
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• An Alternative to Capital Allocation
• Tom McIntyre, FCAS, MAAA, and Dan Isaac, FCAS
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• Treading into the Thicket: Federal Income Tax Implications of Principles-Based Reserves
• Christian DesRochers, FSA, MAAA, and Douglas N. Hertz, FSA, MAAA
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• An Approach for Measurement of the Fair Value of Insurance Contracts
• Sam Gutterman, FSA, MAAA, FCAS, FCIA ,HONFIA, David Rogers, FSA, MAAA, Larry Rubin, FSA, MAAA, FCA, and David Scheinerman, FSA, MAAA
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• The Impact of Investment Adviser Regulations on Personal Actuaries
• Teresa Russ Winer, FSA, and Carl Westman, FSA, CFA