Description: This paper discussed providing consumers of medical care with transparent and comparable price and quality information to enable them to make economically optimal decisions.

Description: This article discusses the Own Risk and Solvency Assessment ORSA Guideline that is being developed by the NAIC Group Solvency Issues working group as part of the Solvency Modernization Initatitve SMI. It looks at the purpose of the ORSA, the three sections of the NAIC ORSA and issues with current U.S. ORSA draft.

Description: This article summarizes the following insurance-related legal cases from 1951 and 1952: 1. Incontestable Clause-Effect of Death Within Period: Prudential Insurance Company v. Ruby, 2. Premium Tax-Annuity Considerations: Corporation Commission v. Equitable Life Assurance Society, 3. Murder of Insured by Beneficiary-Rights of Contingent Beneficiary: Beck v. West Coast Life Insurance Company, 4. Double Indemnity-Right to Autopsy-Demand within Reasonable Time: Reardon v. Mutual Life Insurance Company, 5. Insurance Commissioner-Limitations of Authority-Revocation of Company's License to do Business: Bankers Life and Casualty Company v. Cravey, 6. Effective Date of Policy-Date for Payment of Renewal Premiums: Lentin v. Continental Assurance Company, 7. Group Insurance-Bank Depositors: Mutual Bank & Trust Company v. Shaffner, 8. Killing of Insured by Beneficiary-Rights of Contingent Beneficiary: Bullock v. Expressmen's Mutual Life Insurance Company, 9. Aviation Exclusion-Conflict with Incontestable Statute: Jordan v. Western States Life Insurance Company, 10. Creditors' Rights-Endowment Contract-Exemption Statute: Fox v. Swartz, 11. Settlement Option-Testamentary Disposition: Hall v. Mutual Life Insurance Company, and 12. Aviation Exclusion-Aeronautic Flight: Aetna Life Insurance Company v. Reed. From Transactions of Society of Actuaries 1952, Vol. 4, No. 8.

Description: 1993 SOA Annual Meeting in New York. This session is about federal regulations versus state regulations. Topics included: 1. Status of Dingell/Metzenbaum bills and Industry response. 2. The McCarren-Ferguson Act, and recent developments in that area. 3. Bills that address the issue of redlining in insurance. 4. The Disclosure of Insurance Availability Information bill. 5. Heath care reform initiatives.

Description: 1993 SOA Spring Meeting, Boston. This session is about trends in life company impairments and insolvencies. Topics included: 1. Recent insolvencies - are there similar situations waiting to be discovered? 2. How meaningful are current financial statements? 3. What do rating agencies say? How much confidence is there in their ratings? 4. The role of cash-flow testing, AVR/IMR, and risk-based capital formulas.

Description: A discussion of the Open Transaction Doctrine and how it was applied to prevent current inclusion of taxable gains resulting from the sale of stock acquired in a demutualization.

Description: In March 2010, Congress codified the judicial economic substance doctrine in an effort to raise revenue as part of the health care reform legislation.1 The law provides for strict liability penalties of 20 percent for understated taxes and refund claims that result from transactions that lack economic substance. In July 2011, the commissioner of the Large Businessand International Division LB&I of the IRS evidently recognized this state of uncertainty and issued very helpful guidance to all LB&I examiners to fill the void on guidance for economic substance..

Description: This is a series of reports on topics including: 1. Recent legislative developments, 2. Report on Joint Actuarial Committee Meeting, and 3. Position statement by Robert J. Myers. From Transactions of Society of Actuaries, Vol 22, Pt. 2, No. 63.

Description: The purpose of this paper is to examine the status of pensions today in this country, with a few backward glances on how we got here and a little contemplation of whither we may go perhaps, willy-nilly. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This section presents and summarizes insurance-related legal cases of 1953 including: 1. GROUP ANNUITY CONTRACTPERPETUAL OBLIGATION: Freeport Sulphur Company v. Aetna Life Insurance Company, 2. SERVICE OF PROCESSUNAUTHORIZED INSURER: Parmalee v. Iowa State Traveling Men's Association, 3. ORAL PLEDGE OR ASSIGNMENTCREDITOR'S RIGHT: Commercial National Bank v. Chapman, 4. DOUBLE INDEMNITYMILITARY EXCLUSION: Weissman v. Metropolitan Life Insurance Company, 5. LIQUIDATION OF MUTUAL COMPANYJURISDICTION OF INSURANCE COMMISSlONER: Allyn v. Hull, 6. AVIATION EXCLUSIONPARACHUTE JUMP: Smith v. Mutual Benefit Health and Accident Association, 7. SETTLEMENT OPTIONTESTAMENTARY DISPOSITION: Hall v. Mutual Life Insurance Company, 8. PURCHASE OF HOME OFFICE PROPERTYINSURANCE SUPERINTENDENT'S APPROVAL: Guardian Life Insurance Company vs. Bohlinger, 9. LOAN VALUE: DISABILITY AND DOUBLE INDEMNITY RESERVES: Chastang v. Mutual Life Insurance Company, 10. CONVERSION OF GROUP INSURANCESUICIDE: Lineberry v. Security Life and Trust Company, 11. DOUBLE INDEMNITYMILITARY EXCLUSION: Western Reserve Life Insurance Company vs. Meadows