Description: U.K. life insurers writing participating business are required by the Financial Services Authority to value their assets and liabilities on a market-consistent basis. The purpose of this paper is to: • Explain the valuation approach based on market-consistent values and its rationale. • Set out the issues faced by life insurers in implementing the regime. • Explain how insurers addressed these issues. • Explain the importance of the modeling techniques they used.

Description: This actuarial note is in the nature of an addendum to the paper describing the development of the Commissioners 1960 Standard Group Mortality Table and the 1961 Standard Group Life Insurance Premium Rates based thereon 'TSA, XIII, 586'. A comparison of Canadian to US mortality is made, with this data being used to develop minimum term premiums for Canada.

Description: Recent life insurance cases are discussed in this report. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: The main elements of the current US, Canadian and proposed Solvency II regulatory capital regimes for property and casualty insurance companies are compared in this paper.

Description: This paper was written to demonstrate that universal life and indeterminate premium products are similar to participating plans. Followed by several discussion papers submitted.

Description: This paper presents the following insurance cases: United States v. Henning, Hogan v. John Hancock Mutual Life Insurance, Mutual Life Insurance Company v. Weigel, Freeport Sulphur Company v. Aetna Life Insurance Company, Mabbitt v. Wilkerson, Mutual Life Ins. Co. v. Daniels, Motors Insurance Corporation v. Robinson, Neff v. Massachusetts Mutual Life Insurance Company, Re Schwarz' Estate from Pennsylvania Supreme Court, Harding v. Pennsylvania Mutual Life Insurance Company, Beley v. Pennsylvania Mutual Life Insurance Company, Aetna Life Insurance Company v. Reed, and Toulouse v. New York Life Insurance Company.

Description: This paper reviews the unitary and term methods for apportioning net premiums over the life of nonlevel-premium policies and recommends a new method, the unified method, as a method conforming more to the principles of the Standard Valuation Law and accepted actuarial principles. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: Topics and cases discussed include: Pension Plan Tort Liability for Incomplete Information: Gediman v. Anheuser Busch Deposit with State Treasurer Liability for Release to Insurance Commissioner: Hometrust Life Insurance Company v. United States Fidelity and Guaranty Company.

Description: This paper looks at the following cases: 1. DOING BUSINESS BY MAIL SERVICE OF PROCESS: Travelers Heath Association v. Virginia, 2. AVIATION EXCLUSION FAILURE OF INSURED TO SIGN RESTRICTIVE RIDER: McDaniel v. California-Western States Life Insurance Company, 3. WAR RIDER WAIVER BY ACCEPTANCE OF PREMIUMS: White v. New York Life Insurance Company, 4. MISREPRESENTATION IN APPLICATION MINORS BINDING EFFECT: Modern Woodmen of America v. Stevens, 5. DISABILITY BENEFITS INSANITY AS EXCUSING NOTICE: Chagnon v. Metropolitan Life Insurance Company, 6. AGENTS' COMPENSATION AMOUNT NOT AGREED TO IN ADVANCE: Metropolitan Life Insurance Company v. Durkin, 7. GOVERNMENT ALLOTMENTPAYMENT OF PREMIUMS IN ERROR: Atlas Life Insurance Company v. Davis, 8. EFFECTIVE DATESUBSTANDARD INSURANCE: Republic National Life Insurance Company v. Hall.

Description: This paper presents and summarizes major insurance-related legal cases of 1959. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.