Description: The objective of this paper is to analyze the nature of the probability density function of rates of return on common stocks, to develop a simulation model for evaluating the net risk premium for an asset value guarantee at the end of a specified investment period under an equity-based product and to analyze the sensitivity of the net risk premium to changes in several underlying parameters. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 61.

Description: This panel discussion session is about current activites with respect to Public Relations, Current Academy Activities, Restructuring of Examinations and Division of the Society by Special Interest.

Description: This 1981 session concerned Risk Classification Policy Issues including: i. Purpose of risk classification. 2. Risk classification system. 3. Characteristics for risk classification. 4. Effects of risk classification. 5. Processes of change in risk classification. From Record of Society of Actuaries, Vol. 7, No. 2.

Description: This concurrent session took place at the 1975 Society of Actuaries Spring Meeting in New York, held in April. The presenters addressed various aspects of agency compensation and consumerism including the objectives of a compensation system, the services performed by the agent, how consumers view agent compensation, how the commission structure affects an agent’s advice, the impact of inflation on agents’ earnings, possible improvements to agent compensation, and regulation of “fair value” of insurance.

Description: At its October 1987 meeting, the Society’s Board of Governors unanimously passed a resolution approving a proposal for the Society to assist in establishing an actuarial science program at Nankai University in the People’s Republic of China.

Description: This is a discussion on the subject of simplified underwriting and guaranteed issue. This panel will explore 4 distinctly different guaranteed issue approaches the creation of underwriting pools for agencies and agents in the individual non-pension insurance sales area with respect to business insurance guaranteed issue mortality experience in the individual policy pension trust area how guaranteed issue underwriting is used in some direct-response marketing and finally, offering of additional insurance on a simplified underwriting basis for certain classes of existing policyholders.

Description: This session discussion is about the update on revision of standard valuation law and MSVR, Actuarial Standards Board, NAIC, FASB, Emerging Issues Task Force, AICPA and COVARA. From Record of the Society of Actuaries Vol. 15, No. 3A.

Description: Observations on a Trip to China June 20 to July 5, 1997 by Harold G. Ingraham, Jr. from International Section News, February 1998, Issue No. 15. Includes comments by local Chinese actuaries Yu Luo, Chengfeng Shen, Hongjian Bao, and Yunyu Zheng.

Description: Panelists, along with significant audience participation, discuss the proposed changes in tax law for life insurance [which became Section 7702A], company reactions [especially regarding in-force-dividend policy] to the dropping new-money yield rates available, the nascent long-term-care-insurance [LTCI] and accelerated death benefit [ADB] coverages, group universal life products [GULPs], leveraged corporate-owned life insurance [COLI], and the impact of the recent stock-market dip on variable universal life [VUL] sales. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: Guest speaker Fred Carr [notably, of Executive Life Ins. Co.] talks about three risks in the life insurance and financial services industries: interest-rate risk, management risk, and credit-quality risk. From the 1987 Record of Society of Actuaries, Vol. 13, No. 3.