Description: The purpose of this paper is to discuss modified cost methods that have been proposed for small-plan valuations, The first portion of the paper deals with criteria for choosing a cost method. The next portions deal with small-plan characteristics and the potential shortcomings of conventional cost methods when applied to these plans. The final portion discusses two classes of modified cost methods that have been proposed for circumventing these shortcomings. From Transactions of Society of Actuaries 1983, Vol. 35.

Description: This paper considers in more detail the differences between provisions necessary for nonparticipating and those necessary for participating adjustable life policies and will provide a possible means of designing nonparticipating policies that can adjust directly to future changes in mortality and interest valuation bases. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol 31.

Description: This paper discusses two different methods of handling ratings under adjustable life policies and compares the advantages and disadvantages of each. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This paper addresses the extension of the theory of life contingencies to a stochastic interest environment and its application to solvency valuation and surplus. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This is a discussion of the title report by James MacLean. Included are additional tables developed by other companies.

Description: This section presents book reviews and summarizes recent publications: 'Equitable Assurances' by Ogborn, 'Fulfilling Pension Expectations' by McGill, 'Voluntary Health Insurance and Rate Making' by MacIntyre, 'Prepayment for Medical and Dental Care in New York State...' by State of New York, 'Financing Health Care of the Aged, Part I' by Blue Cross, 'The Second Report of the Ontario Committee on Portable Pensions' by Gathercole and MacGregor, 'Economics of Unemployment Compensation' by Princeton University, 'The Investment Process as Characterized by Leading Life Insurance Companies' by Walter. Some digests also included.

Description: Table of Contents.

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 1968 report extends last year's 1967 initial study of the morbidity experience by lives under plans with a six-month elimination period by [1] adding an additional year's experience to the table of rates of disablement and [2] developing rates of termination for the early durations following the elimination period. From Transactions of Society of Actuaries 1968 Reports

Description: The 21st annual 1968 report on the continuing study of the morbidity experience of Group Weekly Indemnity insurance and Group Employee and Dependent Hospital and Surgical Expense insurance. From Transactions of Society of Actuaries 1968 Reports.