Description: Covers individual life Canadian mortality experience for 1988 - 1989 anniversaries. Historical data from 1981 forward is also shown.

Description: Are you 'dying' to learn about how the mortality data, submitted under the NAIC's Valuation Manual Experience Reporting Requirements (VM50 & VM51), is used? The SOA's Individual Life Experience Committee (ILEC) will describe the data validation 'experience' and explain on how the data eventually influences statutory valuation requirements. The presenters will also 'expose' attendees to the latest insights and observations in the data. Attend this session and learn how the SOA 'minds it's p's and q's' in individual life insurance. At the conclusion of the session, attendees will be able to: - Describe the various types of SOA research that have been performed on the data collected under VM50 and VM51 - Describe the database, released by the SOA, that is compiled from the data collected under VM50 and VM51 - Explain the importance of data quality in VM50 submissions - Identify how the data that is submitted under VM50 would be used to determine Principle-Based Reserving requirement

Description: This panel discussion is about claim reserves. It focused on: 1. Review of methods and statutory requirements in the establishment of claim reserves for property and casualty, life and health insurance. 2. Discussion of different approaches in casualty and life blanks e.g., incurred but not reported reserves.

Description: The goal of this paper is to develop best possible estimates for the higher moments of a distribution of a positive bounded random variable, such as claim amounts, where these estimates are given in terms of the mean.

Description: Digest of a panel discussion looking at problems arising in issuing limited amounts of life insurance without a war clause to active members of the Armed Forces, types of death losses the Actuary considers as war deaths not suited for in existing premium rates and problems created by the war from the standpoint of protective provisions in disability and accidental death clauses.

Description: Discussion of the latest report of the Individual Life Experience Committee ILEC Mortality for Standard Individually Underwritten Life Insurance Between 2005 and 2007 Policy Anniversaries.

Description: This session from the 1992 Valuation Actuary Symposium explores claim reserves, including reserves for stop-loss products, claims reserves for group disability insurance products LTD, and claim reserves for shorter term claim payouts primarily major medical type products and Medicare supplement type products. It also covers Actuarial Standard of Practice 5 dealing with incurred health claim liabilitities.

Description: This section discusses several insurance-related legal cases from 1953 including: 1. STATUTE REQUIRING APPLICATION TO BE ATTACHED EFFECT OF ATTACHING EXTRA PAPER: Nacchio v. New York Life Insurance Company 2. DATE Or LAPSEPoLICY NOT EFFECTIVE UNTIL DELIVERY: Pyramid Life Insurance Company vs. Williams 3. DOUBLE INDEMNITYWAIVER AND ESTOPPELINSURER'S FAILURE TO INFORM INSURED POLICY WAS NOT ISSUED AS APPLIED FOR: Woodmen of the World Life Insurance Society vs. Counts 4. KILLING OF INSURED BY HEIRINHERITANCE OF POLICY PROCEEDS: Strickland vs. Wysowatcky, 5. PREMIUM TAXES-RETALIATION: Massachusetts Mutual Life Insurance Company vs. Parkinson, 6. AGENT AS BENEFICIARY-CONFIDENTIAL RELATIONSHIP: Fifield vs. Crowe, 7. MISREPRESENTATION As TO OCCUPATION AND HABITSPROFESSIONAL GAMBLER: DeBellis vs. United Benefit Life Insurance Company, 8. WAR EXCLUSION-UNDECLARED WAR: Beley vs. Pennsylvania Mutual Life Insurance Company, 9. DOUBLE INDEMNITYAVIATION EXCLUSIONMILITARY EXCLUSION: Western Reserve Life Insurance Company vs. Meadows, 10. STATF LIFE FUNDREJECTION OF ALL COLORED APPLICANTS: Lange vs. Rancher

Description: Covers individual life mortality experience between 1980 - 1981 anniversaries and 1976 - 1981 anniversaries.