Description: This presentation at the 1989 Valuation Actuary Symposium discusses the background and status of the trial compliance questionnaire, which will require the valuation actuary to demonstrate compliance with standards of practice.

Description: This session from the 1992 Valuation Actuary Symposium covers recoverability and loss recognition including using cash flow testing to determine loss recognition or recoverability, actuarial standard of practice 14, and valuation work by line of business or issue-year groups.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists start their discussion with an overview of the history of actuarial standards, and the operations of the Actuarial Standards Board, ‘ASB,” the autonomous body responsible for setting standards of practice. The discussion covers standards affecting insurance company actuaries and consultants, and the value and impact of standards on the actuary's work. Panelists also suggest areas where additional standards are needed. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: 1993 SOA Spring Meeting, Boston. This session is about actuarial standards for product actuaries and Actuarial Standards Board guidelines review. Topics included: 1. ASP 12 on risk classification. 2. ASP 15 on Dividend determination and illustrations for participating life Insurance and annuities. 3. Determination and redetermination of nonguaranteed elements. 4. When to do cash-flow testing. 5. ASP 7 on performing cash-flow testing.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session on cash-flow testing for product actuaries covered the following topics: 1. Guidance notes designed to help in writing up reports on cash-flow testing. 2. Investment strategies in product design. 3. Surplus requirements.

Description: The following topics were discussed at concurrent sessions: 1. The Actuary's responsibilities- pensions, 2. Policy loan problems, 3. New forms of group insurance, and 4. Corporate financial management of mutual life insurance companies. From Transactions of Society of Actuaries, 1974 Vol. 26, Pt. 2D, No. 75AB.

Description: Panelists address topics such as techniques for testing data quality, the actuary’s responsibility for verifying the reasonableness of data, and considerations in modifying data sources for specific situations. Included is a discussion of ASOP No. 23. From the Record of the Society of Actuaries, Volume 27, No. 1, Session 96