Description: Sequel to the author's paper The Taxation of Insurance in Canada, which was published in 1970 in Volume XXII of the Transactions. The first paper covered the history of insurance taxation in Canada through 1969, including a description of the radical changes that became effective that year as an early phase of tax reform, following the 1967 recommendations of the Royal Commission on Taxation. Further general tax reforms became effective in 1972, including the introduction of taxes on capital gains a number of clarifications and refinements were also enacted in 1973. The present paper outlines these general changes, with particular emphasis on their effect on insurance. Finally, a completely revised mathematical presentation of the taxation of insurance corporations is given, together with formulas and examples of the marginal taxation rates on various kinds of income and disbursement of such corporations. Followed by discussion papers submitted by 2 authors

Description: This informal discussion reviewed the amendments to Section 213, looked at actuaries supplying aid to agency departments within their respective companies, and examined recent changes in methods of compensation for agents. From Transactions of Society of Actuaries 1953, Vol. 5, No. 12.

Description: This article consists of the Legal Notes from the Transactions of Society of Actuaries 1956 Volume 8, Number 20. The author summarizes recent insurance-related legal decisions.

Description: This section presents and summarizes major insurance-related legal cases of 1957, including a case regarding interpretation of the Soldiers' and Sailors' Civil Relief Act of 1940 with amendments, FIT deduction of group disability benefits, FTC jurisdiction over advertising, group life employee ineligibility and incontestable clause, date of reinstatement, and claims issues.

Description: This discussion looks at principles which should govern the determination of the respective proportions of earnings to be allocated to policyholders and stockholders, the level of contingency reserves and surplus which should be maintained, and looks at the extent to which the mandatory Security Valuation Reserve should affect the level of unassigned surplus.

Description: This paper, written at the request of the chairman of the Society's special committee, contains a description of the data, methods, and principles used to determine the proposed new expense formulas for minimum nonforfeiture values. A discussion of the paper follows. From Transactions of Society of Actuaries 1977, Vol. 29.

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

Description: This paper examines the following cases from 1963: 1.MISREPRESENTATION CHOICE OF LAW: Fleet Messenger Service v. Life Insurance Company of North America, 2. LIABILITY FOR NEGLIGENT DELAY CONFLICT of LAWS:Lowe's North Wilkesboro Hardware v. Fidelity Mutual Life Insurance Company, 3. MISREPRESENTATION SUBSTANDARD POLICY: Turner v. Manhattan Life Insurance Company, 4. AVIATION RESTRICTION DEATH BY DROWNING AFTER CRASH: Rauch vs. Underwriters at Lloyd's of London, 5. LIFE INSURANCE FEDERAL INCOME TAX-TAX EXEMPT INTEREST: Atlas Life Insurance Company vs. United States of America, 6. DIVIDEND LESS THAN ANNUAL PREMIUM- DUTY OF INSURER TO APPLY DlVIDEND: Simmons 9. Cambridge Savings Bank, 7. ACCIDENTAL MEANS HEART ATTACK CAUSED BY EXERTION: Linden Motor Freight Company v. Travelers Insurance Company

Description: This paper discusses a brief history of policy loans, a description of the problems being experienced by companies and possible solutions. A discussion of the paper follows. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This paper discusses the following cases: Rudolph V. United States- concerning taxability of agent convention travel, State Board Insurance v. Todd Shipyards Corporation- concerning premium tax for unlicensed insurers, United Services Life Insurance Company v. Delaney- concerning aviation restrictions in a life insurance policy, Metropolitan Life Insurance Company v. Wood- concerning conditional approval, Hartford Live Stock Insurance Company v. Phillips- concerning livestock insurance with an undisclosed pre-existing condition, State Security Life Insurance Company v. Kinter- concerning the due date for monthly premiums to prevent lapsation.