Description: Full version of Taxing Times, May 2006, Volume 2, Issue No. 1.

Description: This article discusses Internal Revue Code, ‘IRC,’ Sections 7702 and 7702A with respect to the implementation of the 2001 CSO Mortality Table, which must be used in the calculations for policies issued on or after January 1, 2006. “The insurance industry has requested guidance from the Treasury Department and the Internal Revenue Service on the proper application of the current computational rules to the 2001 CSO Mortality Table but, to date, such guidance has not been provided. Therefore, the Taxation Section established the 2001 CSO Maturity Age Task Force, the members of which authored this article, to propose methodologies that would be actuarially acceptable under Sections 7702 and 7702A of the Code for calculations under contracts that do not provide for actual maturity before age 100.” This article summarizes the task force recommendations.

Description: This article explores the complexities and potential problems with respect to tax reserves that could result from a retroactive application of a principle-based reserves PBR approach for life insurance reserves.

Description: These are obituaries of members of the Society of Actuaries which had passed away in from May 1962 - September 1962 and one who died in May 1961.

Description: This is a listing of the Society of Actuaries' Officers and Board of Governors as of October 1963. From Transactions of Society of Actuaries 1963, Vol. 15, Pt. 1, No. 41.

Description: This section contains book reviews and summarizes recent publications: 'Rights of Creditors in Life Insurance Policies' by Schwarzschild, 'Savings Bank Life Insurance' by Johnson, 'Transferability of Public Employee Retirement Credits among Units of Government' by Advisory Commission on Intergovernmental Relations, 'State and Private Pension Schemes in the European Economic Community and the United Kingdom' by Ratcliff, 'Surplus in British Life Assurance' by Cox and Storr-Best, 'Psychiatric Insurance - Financing Short-Term Ambulatory Treatment' by Avnet. Some digests are also included.

Description: These are the meeting minutes from the Regional Meeting held in New York, NY on April 12-13, 1965. From Transactions of Society of Actuaries 1965, Vol. 17, Pt. 1, No. 47 AB.

Description: These are the meeting minutes from the Regional Meeting held in Denver, CO on April 22-23, 1965. From Transactions of Society of Actuaries 1965, Vol. 17, Pt. 1, No. 47 AB.

Description: This is the Society of Actuaries' Financial Report for the fiscal year ended May, 31, 1965. From Transactions of Society of Actuaries 1965, Vol. 17, Pt. 1, No. 49.

Description: This is the Index to Volume 17, Part 1 of Transactions of Society of Actuaries. From Transactions of Society of Actuaries 1965, Vol. 17, Pt. 1, No. 49.