Description: The NAIC has adopted revisions on Actuarial Guidelines 43 and C3 Phase II for Variable Annuities ("NAIC VA Reform"), effective January 1, 2020. The panel of presenters will provide background and overview of the Reform, and discuss detailed aspects of the new CTE Amount, Standard Projection and Withdrawal Delay Cohort Method. The panelists will share implementation considerations and the Reform's implications to hedging.

Description: This panel at the SOA 1982 Spring Meeting in Colorado Springs presents a discussion on the implications of allocating specific assets to particular lines of business. The panel examines both the introduction and the management of specific allocation procedures and how the principal methods work in practice.

Description: Near the end of a pension plan's lifespan, after benefit accruals have ceased and the plan has reached fully funded status, a plan sponsor has the option to begin the plan termination process immediately or to maintain the plan for an extended period of time (often referred to as 'hibernation' as an alternative to termination). While immediate termination appeals to some plan sponsors, others choose hibernation for a number of reasons, including paternalism, fiduciary obligations, perceived cost differentials or simple inertia.

Description: Statutory and GAAP financial reporting revisions motivate enhanced modeling and more comprehensive hedging for equity-based products. The changes also bring about a number of implementation challenges. The presenters will outline how the reporting standards are changing and the resulting business implications.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists, a regulatory examiner, an independent accountant, and an industry representative examine and discuss the objectives and quality of today's financial examination process. They discuss objectives of each type of examination, guiding principles and procedures, how successful examinations are in protecting the public's interests, and whether the process needs fixing, and if so, how and what actuaries should do. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: Panelists discuss compliance with the 1987 NAIC Convention Blank requirements regarding products with non-guaranteed elements [NGEs]. Discussion includes: [1] explanation of the new requirements, [2] results of a survey of actual responses to NGE interrogatories by companies in their statement filings, [3] actuaries' compliance-related questions to the American Academy of Actuaries Task Force on Non-guaranteed Elements, and [4] the use of NGEs in sales illustrations. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: This panel discussion session focuses on a proposal to modify the Standard Valuation Law involving statutory maximum valuation interest rates.

Description: This session at the SOA 1962 Jacksonville and Chicago Regional Meetings discussed the investment year method. Considerations with respect to taxes, capital gains and line of business other than group annuity were discussed.

Description: This article from the Digest of Informal Discussion, Transactions of Society of Actuaries 1955 Volume 7, Number 17, identifies the participants and summarizes their comments. The discussion topics include: comparison of the new Canadian and U.S. convention blank annual statements whether there are any differences significant enough to cause undesirable lack of uniformity difficulties encountered in compiling the Canadian statement by line of business and geographic subdivision and problems which may be anticipated in the preparation of annual statements by reason of Regulation No. 33 of the New York Insurance Department.

Description: This panel discussion, presented at the SOA's May 1976 Meeting in Houston, presented trends in GAAP and statuatory financial statements. Topics included: actuarial certifications, GAAP for participating insurance, GAAP for mutual companies, amortizing acquisition expenses, apropriate surplus levels, asset valuation, and materiality. From Record of the Society of Actuaries 1976, Volume 2, No. 2.