Description: This panel discussion is from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The panelists discuss the National Association of Insurance Commissioners [NAIC] development of a risk-based capital requirement, and the Canadian Life and Health Insurance Association [CLHIA] Minimum Continuing Capital and Surplus Requirements [MCCSR]. They discuss the history of risk-based surplus, recent developments in Canada and various US states, the rating agencies, bank and international requirements, impetus for change, regulatory activity, and the limitations and difficulties of a mandated industry wide formula. Discussion from participants is included. From the Record of Society of Actuaries Vol. 17, No. 4A.

Description: This article describes some implications of increasing government intervention in the industry, such as the potential to eliminate the industry's ability to classify risk due to anti-discrimination laws and pressure to expand social 'insurance' programs

Description: A committee chaired by former Prime Minister, Sir Harold Wilson, has published its findings from a study on the functioning of British financial institutions and their value to the economy. This article reports on five of the report's topics that are of special interest to actuaries.

Description: The Actuary Vol. 22 , No. 7. This articles explores the dangers posed by many guaranteed-return life insurance and annuity products.

Description: Discussion of the insurance industry in Ireland and the related regulatory and tax issues.

Description: Describes the risk-based capital measure adopted in Switzerland.

Description: Observations from the author's experiences auditing blocks of LTCI business.

Description: Author identifies the issues, especially as they relate to smaller insurers, and then lists some provisions of current pending federal legislation.

Description: The article discusses the proposed revisions to the AOMR Actuarial Opinion and Memorandum and how it will affect insurance companies.

Description: On Dec. 29, 1973 President Nixon signed into law the Health Maintenance Organization Act of 1973, which authorizes $375 million to be used by the DHEW to stimulate the establishment and development of HMO's over the next five years. This article describes the status of the regulations and the development of additional HMO's.