Description: The New 2001 CSO: Implications for Universal Life Plans

Description: This article is the abstract from a paper that provides methods and formulas for calculating active life reserves for credit insurance.

Description: This paper presents specifications and formulas for determining life insurance policy reserves in compliance with Sections 5 and 8 of the NAIC model Standard Valuation Law as amplified by the NAIC Valuation of Life Insurance Policies Model Regulation, also referred to as Regulation XXX.

Description: This article is part of the Digest of Informal Discussion, which took place at the 1957 Society of Actuaries Eastern Spring Meeting, held March 21-22 in New York City. The article identifies the participants and summarizes each person’s comments. The participants discuss adoption of a new mortality table and the need for deficiency reserves, the impact of new tables on participating and nonparticipating companies, and dividend patterns, whether new tables should be expected to remain an appropriate standard for an extended period, and the question of changing reserve and nonforfeiture interest rates. From Transactions of Society of Actuaries 1957 Volume 9, Number 24.

Description: This report presents the 1980 CSO and 1980 CET Tables on an Age Last Birthday ALB basis. These tables were derived from the 1980 CSO Age Nearest Birthday ANB Tables with the cooperation of the Committee to Recommend New Mortality Tables for Valuation. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: This paper discusses some of the main principles of classical life contingencies generalized and formulated in the language of probability theory and develops generalized and exponential reserves. From Transactions of Society of Actuaries 1976, Vol. 28.

Description: Actuarial Guideline 38 has been one of the most discussed reserving changes in the past year. First proposed in late summer of 2004, several industry groups and LHATF have worked to reach consensus on this issue. The current draft is a compromise, sometimes referred to as the “CEO compromise” since the CEOs of several leading life insurers negotiated the language. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: Summary of the SOA research project on PBR Simplified Methods. Describes the multi-risk scenario generator, central estimate assumptions, assumption objectivity measures, and regulatory demonstrations per VM-20.

Description: This session from the 2003 SOA Orlando Meeting covers XXX reserves for term insurance and UL from the ceding company and reinsurer standpoint, X-factor classes, the 2001 CSO and securitization and accessing capital markets for solutions for reserves and capital requirments of XXX. From the Record of the Society of Actuaries, Volume 29, No. 3.

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