Description: The purpose of this paper note is to highlight the similarities of results from the amortization of initial life insurance acquisition costs by means of an acquisition cost amortization schedule similar to that used by accountants versus a set of actuarial-type acquisition cost natural reserve factors appropriately applied to beginning and ending in-force units.

Description: This article offers a possible resolution to certain circularity issues that may arise while implementing the SOP.

Description: Presented at May 1985 Spring Meeting. This session discussed: Applicable American Academy of Actuaries financial reporting recommendations, Techniques used in establishing margins, Appropriate margins under internal replacement programs, GAAP earnings impact of various methods for establishing margins for adverse deviation, Special considerations for interest-sensitive and lapse-sensitive products.

Description: Presented at April 1985 Spring Meeting. This session discussed different accounting alternatives for products such as Universal Life, deferred annuities, variable products.

Description: Discussion of the existence of embedded derivatives and the consequent required accounting treatment in Modco and Similar Reinsurance Arrangements

Description: This paper illustrates a procedure for analyzing the sources of profit under FAS 97 and suggests an analytical procedure for reflecting actual experience and revised future assumptions in the recalculation of the estimated gross profit defined by FAS 97.

Description: Implementation of Statement of Position 03-1 for Lapse Protected Life Products

Description: Purchase GAAP for Equity-Indexed Annuities

Description: This paper demonstrates some of the basic principles and concepts inherent in the use of natural reserves to adjust earnings and to demonstrate differences in earning patterns obtained by several alternative approaches to a pure natural reserve adjustment of earnings.

Description: A discussion of a possible replacement of FASB Statement No. 141 SFAS 141. The exposure draft was referred to in this article as “141R.” “141R” provides guidance for application of the acquisition method, which was previously called the purchase method in the case of business combinations. The draft requires that all business combinations including the merger of mutual insurance companies be accounted for by the acquisition method.