Description: This paper discusses a brief history of policy loans, a description of the problems being experienced by companies and possible solutions. A discussion of the paper follows. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This presentation is a Teaching Session, number 6TS, from the 2000 Valuation Actuary Symposium, held September 14-15 in Washington, DC. Late in 1999, the National Association of Insurance Commissioners [NAIC] adopted Codification of Statutory Accounting Principles. With a targeted uniform compliance date of January 1, 2001, insurers need to focus their attention on the implementation impacts associated with codification. The instructors provide a brief introduction to codification, and discuss the impacts that codification might have on life insurance companies, including: changes in accounting treatment and their impact on surplus and risk-based capital required changes in operational policies and procedures and changes in the annual and quarterly statement reporting process. Discussion from participants is included.

Description: This open forum was presented as Session 8A at the 1987 Valuation Actuary Symposium. The panelists discuss participating insurance, and how it differs from other lines of business under the Valuation Actuary concept. The topics covered include cash flow analysis and testing, asset liability management, and investment strategy. The presentation notes that the focus of asset liability management for participating insurance is not the guaranteed values, but rather maximizing dividends consistent with policyholder expectations. Comments from attendees are included.

Description: Full version of Small Talk Newsletter, December 1998, Issue No. 12.

Description: This presentation is an open forum, session number 21OF, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. In this open forum, the panelists address the requirements under statutory codification, and the approaches being used to meet these requirements. Topics include policy classification, deferred taxes, disclosure, state differences, and implementation issues. Discussion from participants is included.

Description: In this session the panel members speculate about the future of permanent life insurance. The discussion looks at term versus permanent and the considerations due to inflation, regulations, taxes, etc.

Description: This paper described techniques used to keep existing policies up to date. One technique involved increasing the reserve interest rate of previously issued business to the level being used for new business as permitted by law. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: Panelists, who are on the NAIC Special Advisory Committee – Valuation Law, discuss the current status of efforts to revise the SVL and the requirements for the actuarial opinion. They also solicit, and get, audience participation and questions. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: This presentation is a panel discussion, session number 43PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists provide an overview of the current risk-based-capital [RBC] requirements for life insurers, as well as recent and potential changes to RBC. They discuss reinsurance, including off shore solutions. Recent changes they discuss include Phase I C-3, interest-rate risk for annuities and single premium life, common stock changes, and deferred-tax recognition. The panelists also discuss the proposed stochastic modeling standard C-3 Phase II for variable annuities. Discussion from participants is included.

Description: Discusses the MSVR: its purpose, how it has [or has not] met its purpose – especially for a company invested in high-risk securities – how it will be affected by the proposed valuation-law changes, and how to treat it in the actuarial opinion required by New York Regulation 126. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.