Description: Panelists at this session of the SOA 1998 Maui I Spring Meeting discuss the most current information on issues in the regulatory area that impact individual life and annuity products.

Description: This report, prepared by Advisory Subgroup I, was included as Appendix 3 of the 1987 Valuation Actuary Handbook. This advisory subgroup, or committee, was appointed by the New York Insurance Department and chaired by Donna Claire. This committee was charged with developing suggested regulations to deal with the concept of the Qualified Actuary and Actuarial Opinion and memorandum in accordance with New York’s recently amended reserve and nonforfeiture laws for guaranteed interest contracts and annuities with and without life contingencies. The actual regulation, New York Regulation 126, combines the work of the committee with Subgroup II, which focused on minimum reserve standards.

Description: Discusses multi-scenario [stochastic] cash-flow testing for adequacy of reserves. Session 2 of the 1991 Valuation Actuary Symposium.

Description: This session at the SOA 1998 Maui I Spring Meeting presents an overview of equity-indexed product features and discusses related regulatory issues with respect to illustrations, nonforfeiture benefits and reserving.

Description: New York’s Regulation 126 effectively requires all companies doing business in New York to file an actuarial opinion and memorandum on their annuity and GIC business. This article attempts to answer 13 of the most commonly asked questions about this regulation.