Description: Presented at September 1995 Valuation Actuary Symposium. A distinguished panel of experts and a host of interesting and timely questions regarding financial reporting and valuation actuaries.

Description: The paper sets forth a procedure, based on actual experience, for determining extra life insurance reserves for term insurance conversion rights for annual statement purposes. Followed by several submitted discussion papers.

Description: This paper discusses gain and loss analysis for group insurance under the following headings: Nomenclature and General Principles, Sources of Gain and Loss under Theoretical Conditions, Gains and Losses Arising in Practice, Comparison with Annual Statement Results and Effects of Changes in the Company's Dividend Formula. Discussions of this paper are included.

Description: Presentation of some of the factors to be considered, and approaches which might be employed, in valuing a life insurance company.

Description: This is a discussion about 1959 Act dealing with federal income tax on life insurance companies. Specific topics include: A. Impact the new tax law has had on: i the investment policies of individual companies, ii company accounting systems and procedures, iii actuarial bases for new contracts? B. What principles have been followed in allocating the federal income tax among the annual statement lines of business? How is the assessment to a line of business with a loss from operations established? Is the tax on the interest on surplus allocated on some general basis or with regard to the relative contributions of the different lines to the accumulated surplus? C. How is the tax taken into account in asset share tests and dividend scale determinations?

Description: Provides an overview of the proposed regulations for calculating risk-based capital [RBC] C-3 Phase II and statutory reserves [VACARVM] on death- and living-benefit guarantees provided by variable annuities, and their status. Panelists also discuss the conceptual and practical considerations involved with mapping investment options to modeled funds, setting assumptions for revenue-sharing, mortality, and other prudent best-estimates, selecting model points and major design decisions, coordinating the required calculations, and handling the workload at year end along with documentation requirements. Session 25PD of the 2005 Valuation Actuary Symposium.

Description: Discussion of GAAP accounting for post employment benefits and FAS 106.

Description: Presented at October 1996 Annual Meeting. Discusses the status and future impact of new and emerging issues in financial reporting and taxation.

Description: The American Academy of Actuaries task force charged with developing a risk-base capital formula for health insurers submitted its preliminary report to the NAIC Health Organizations Risk-Based Capital Working Group.

Description: This article addresses a small sample of issues arising from the implementation fair value disclosure requirements.