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National Association of Insurance Commissioners 'NAIC' Recent Developments
nonforfeiture values to a more open model in which the primary responsibility will be put on the company to develop ... bonds. Frankly, things that do not really, in a direct sense, connect with interest rate risks, are the ...- Authors: Larry M Gorski, Douglas C Kolsrud
- Date: Oct 1996
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting>Statutory accounting; Public Policy
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XXX Status Report
years now in many jurisdictions. It should take care of the promises you alluded to on the outlying years ... thank you for those insights. If you wouldn't care to keep your thoughts to yourself so much we could ...- Authors: Larry M Gorski, R Thomas Herget, Mark J Oberhellman
- Date: Oct 1996
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance
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The Financial Reporter
issues because of increased frequency of managed care organization insolvencies. Life & Health Actuarial ... and uncertainties across product lines, between primary and secondary benefits, and in reserving for multiple ...- Authors: Anson Glacy, Larry M Gorski, Norman E Hill, James W Lamson, Donald Maves, Bruce Moore, Thomas Nace, David Sandberg, Shirley Hwei-Chung Shao, S Michael McLaughlin
- Date: Jun 2000
- Publication Name: The Financial Reporter
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Mortality Risk in Life Annuities
amount of a prudent contingency reserve has been a primary concern. In 1933, Piper [6] calculated the standard ... an appendix to Tay- lor's paper, and was the primary focus of Boermeester's paper [1] in 1956. Here ...- Authors: Larry M Gorski, Hsien-Ming K Keh, Warren Luckner, Robert McCrory, Murray Projector, Robert C Tookey
- Date: Oct 1986
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Annuities>Payout annuities; Modeling & Statistical Methods
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Weird Science: Dissection of Derivatives
that represents people using derivatives to take care of that problem. Twenty-four percent use derivatives ... there is some transfer back and forth. But for a direct writer's purposes, it's a one-way market. There's ...- Authors: Larry M Gorski, Stephen Reddy, Charlene Marie Barnes, Christopher T Anderson
- Date: Jun 1998
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Finance & Investments>Derivatives
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Regulatory Topics
recommend to the legislature that it amend the law to direct us to define the term. That's something for the ... worked with the direct company, and to his knowledge, the state of domicile of the direct company had had ...- Authors: Larry M Gorski, Mark Greene, Kerry Krantz
- Date: Sep 1998
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Topics: Financial Reporting & Accounting>Statutory accounting
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Ask The Experts
mean if it's well past my retirement age, I don't care. MR. STEIN: Why don't we try a poll here. How ... the underlying business and in determining the direct issue value placed on the reserves. So I maintain ...- Authors: Larry M Gorski, Donna Claire, Richard S Miller, Robert Stein
- Date: Jan 1994
- Competency: External Forces & Industry Knowledge
- Topics: Actuarial Profession>Best practices; Public Policy
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NAIC Model Investment Act Update
a lot of prepayment or extension risk. Is the primary risk associated with this particular fixed- income ... shows negative, that the hedging process would take care of the problem and thereby still conclude that cash-flow- ...- Authors: Vincent Gallagher, Larry M Gorski, Joseph H Tan, Christopher T Anderson
- Date: May 1994
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Finance & Investments; Public Policy
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The Financial Reporter
and convexities of the various asset classes. But care must be taken so that the duration and convexi- ... hear the “bad news” from the actuary. Authority & Direct Access: In over 90% of the time, the VA has authority ...- Authors: David N Becker, Thomas Campbell, Harold Forbes, Larry M Gorski, G Mitchell, Stephen N Patzman, Edward Robbins, Hans J Wagner, Glyn A Holton, Cecilia Green
- Date: May 1999
- Publication Name: The Financial Reporter
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Minimum Guaranteed Benefits on Variable Annuities
and move elsewhere. It's important to exercise care in using a static assumption when it's reasonable ... calculations because you have to derive these values on a direct basis, ignoring the reinsurance. Then you have ...- Authors: J Gaule, Larry M Gorski, James W Lamson, John M O'Sullivan
- Date: Jan 2005
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Topics: Financial Reporting & Accounting>Statutory accounting