Description: The key tasks of credit risk capital project under CROSS II mainly focus onL(1 )Adjustment of measurement framework; (2) Calibration of risk factors, including both credit spread risk and credit default risk;3)Introduction of concentration risk measurement; (4) Higher requirement on look-through rule.

Description: This article summarizes the following insurance-related legal cases from 1951 and 1952: 1. Incontestable Clause-Effect of Death Within Period: Prudential Insurance Company v. Ruby, 2. Premium Tax-Annuity Considerations: Corporation Commission v. Equitable Life Assurance Society, 3. Murder of Insured by Beneficiary-Rights of Contingent Beneficiary: Beck v. West Coast Life Insurance Company, 4. Double Indemnity-Right to Autopsy-Demand within Reasonable Time: Reardon v. Mutual Life Insurance Company, 5. Insurance Commissioner-Limitations of Authority-Revocation of Company's License to do Business: Bankers Life and Casualty Company v. Cravey, 6. Effective Date of Policy-Date for Payment of Renewal Premiums: Lentin v. Continental Assurance Company, 7. Group Insurance-Bank Depositors: Mutual Bank & Trust Company v. Shaffner, 8. Killing of Insured by Beneficiary-Rights of Contingent Beneficiary: Bullock v. Expressmen's Mutual Life Insurance Company, 9. Aviation Exclusion-Conflict with Incontestable Statute: Jordan v. Western States Life Insurance Company, 10. Creditors' Rights-Endowment Contract-Exemption Statute: Fox v. Swartz, 11. Settlement Option-Testamentary Disposition: Hall v. Mutual Life Insurance Company, and 12. Aviation Exclusion-Aeronautic Flight: Aetna Life Insurance Company v. Reed. From Transactions of Society of Actuaries 1952, Vol. 4, No. 8.

Description: This session discussion is about outside actuarial profession's perspective on health care cost, insurer's role in medical care management, relationships between treatment decisions, available coverage, appropriate use of underwriting and paying for uncompensated care. From Record of Society of Actuaries Vol. 18, No. 1A.

Description: Panel discussion focusing on managing health care costs.

Description: This session from the 1984 SOA Salt Lake City Meeting is a teaching session on futures and options, the applications for them, the roles as a strategy tool and hedging risks. Record of the Society of Actuaries Vol. 10, No. 2.

Description: 1993 SOA Annual Meeting in New York. This session is about federal regulations versus state regulations. Topics included: 1. Status of Dingell/Metzenbaum bills and Industry response. 2. The McCarren-Ferguson Act, and recent developments in that area. 3. Bills that address the issue of redlining in insurance. 4. The Disclosure of Insurance Availability Information bill. 5. Heath care reform initiatives.

Description: 1993 SOA Spring Meeting, Boston. This session is about trends in life company impairments and insolvencies. Topics included: 1. Recent insolvencies - are there similar situations waiting to be discovered? 2. How meaningful are current financial statements? 3. What do rating agencies say? How much confidence is there in their ratings? 4. The role of cash-flow testing, AVR/IMR, and risk-based capital formulas.

Description: 1993 SOA Meeting, Quebec. This session discussion was about cash-flow testing as a management tool. The focus was on lessons learned from 1992 CFT and the expectation of lessons that can be learned in the future. Speakers addressed management use of CFT, CFT in risk management, CFT in profit enhancement, and the applicability to assets and liabilities.

Description: This article explores the complexities and potential problems with respect to tax reserves that could result from a retroactive application of a principle-based reserves PBR approach for life insurance reserves.

Description: A discussion of the Open Transaction Doctrine and how it was applied to prevent current inclusion of taxable gains resulting from the sale of stock acquired in a demutualization.