Description: This discussion is about account statutory requirements that cash values not be less than reserves less $25 per thousand. From Transactions of Society of Actuaries 1961, Vol. 13 Pt. 2

Description: The purposes of this note from the Transactions of Society of Actuaries 1963, Vol. 15, Pt. 1, No. 43 are to contrast the growth of the net level premium reserve and the growth of the cash value, in a policy paying the cash value if greater type of death benefit, and to suggest an unconventional surrender charge that will cause the net level premium reserve for such a policy to grow at an interest rate alone during the period when the death benefit is the cash value.

Description: This paper provides a summary of the following special reports from the Transactions of Society of Actuaries 1974, Vol. 27: 1. REPORT OF THE HISTORIAN - 1974 and 1975. 2. REPORT ON ACTUARIAL PRINCIPLES AND PRACTICAL PROBLEMS WITH REGARD TO NONFORFEITURE REQUIREMENTS.

Description: Discussion about: A. New forms of policies and riders, and new options which have been introduced and their level of success, B. Changes in the use of: i Settlement options? ii Special conversion options? iii Automatic premium loans? C. Recent changes in settlement option bases D. The experience of smaller companies with respect to replacement problems, and compliancecwith state replacement regulations? Discussion about new forms of policies, changes in the use of settlement options and what other smaller companies are doing about replacement problems.

Description: The primary purpose of this paper is to present some current company practices with respect to term insurance, and the respective cash value requirements imposed by the state insurance departments. Submitted papers from several authors discussing the report followed.