Description: Panelists discuss the Interim Actuarial Standards Board [IASB] recommendations, ratified by the Board of Directors of the American Academy of Actuaries and effective January 1987, concerning the determination or re-determination of non-guaranteed charges and/or benefits for life insurance and annuity contracts. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.

Description: Panelists discuss compliance with the 1987 NAIC Convention Blank requirements regarding products with non-guaranteed elements [NGEs]. Discussion includes: [1] explanation of the new requirements, [2] results of a survey of actual responses to NGE interrogatories by companies in their statement filings, [3] actuaries' compliance-related questions to the American Academy of Actuaries Task Force on Non-guaranteed Elements, and [4] the use of NGEs in sales illustrations. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: Discusses status of compliance with NAIC Annual Statement Blank requirement, survey of regulatory responses to interrogations, comments of the American Academy of Actuaries Task Force on first year results, and use of non-guaranteed elements in sales presentations. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: This session from the 1984 SOA Atlanta Meeting discusses the Exposure Draft of the Committee on Theory of Dividends and Other Non-Guaranteed Elements in Life Insurance and Annuities and of other related developments. It also contrasts participating policies to the new universal live and excess interest type products.

Description: Presented at May 1986 Spring Meeting. This session discussion is about redetermination of 'Non-Guaranteed Pricing Elements Recommendations', actuarial responsibilities to the various publics relative to nonguaranteed pricing functions and brief status report on Interim Actuarial Standards Board 'IASB' including how this Committee's Exposure Draft affects the IASB.

Description: This panel discussion is about the basic concepts of non-participating life products with non-guaranteed or ideterminate premiums. Various issues around pricing, product design, reserving, regulatory approval and taxes are discussed.

Description: This session from the 1983 SOA Hollywood, Florida Meeting discusses the new standard non-forfeiture and valuation laws, specifically addressing the status of state approval, smoker/non-smoker mortality, 1980 CSO Tables, impact on product design and implementation issues.

Description: Presented at October 19895 Annual Meeting. This session is about statutory, GAAP and management reporting for new life insurance and annuity products and nontraditional distribution systems.