Description: This is the presidential address by former President of the Society of Actuaries, Richard C. Guest. He discussed insurance supervision globally, with an emphasis on Canada and the United States.

Description: In this discussion of President Obama’s financial regulatory reform on start-up companies, the author believes”that the proposed requirement has the potential to significantly increase the financial burden on an early-stage firm through increased scrutiny and record-keeping” This paper outlines the extent of the issues facing a start-up company due to the Administration's proposals, and offers solutions to the problems facing these entrepreneurs.

Description: Discussion of private letter tax rulings on the definition of Cash Surrender Value for purposes of interpreting the definition of life insurance for the policyholder's taxation of the contracts.

Description: Discussion of the Italian Life Insurance Market including the related public policy changes to the country's social security plan and pension plans

Description: A discussion of pension reform in China at the time of the July 1997 introduction of a new unified pension system.

Description: The year 1990 was marked by a major tax increase for life insurance companies, introducing the DAC tax, with the passage of the Omnibus Budget Reconciliation Act of 1990. This paper refers to documentation that provides a clear consice summary of the 1990 Tax Act.

Description: Discussion of recent economic, social and political environment and trends and the impact they have had on insurance regulation and needed changes in the regulations and regulatory process.

Description: Panel discussion from the April 1982 Society of Actuaries meeting in Houston on the topic of the financial services industry and its response to inflation and deregulation. Topics included: 1. Industry reconfiguration, relative competitiveness of various segments of the industry. 2. New products and technological advance 3. Impacts on the life insurance industry. a. Bank marketing of insurance products b. Investment and bank products marketed by insurers

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 Discussion of how actuaries can influence federal legislation in issues of interest to life insurance companies.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 A discussion of liquidity management for life insurance companies marketing institutional clients, in particular with respect to GIC contracts and Funding agreements. Topics included: · What happened at General American with their defaults on funding agreements. Why did the regulators and rating agencies miss the problems? · What was the impact of reinsurance? · What is the effect of adding institutional business such as putable funding agreements on liquidity management? · Are there prudent levels of this business that can be beneficial? · What is the effect of funding agreements with downgrade provisions on liquidity risks, and do such provisions create a preference for sophisticated institutional contract holders?