Description: From a teaching session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Discussion of the requirements under statutory codification that are of interest to actuaries. Topics included: • Policy classification • Deferred taxes • Accident and health issues • Disclosure • State differences • Implementation issues

Description: The subject of this paper is the question: What is the added cost to permit unrestricted election of optional forms of retirement income? From Transactions of Society of Actuaries 1961, Vol. 13, No. 36 AB.

Description: Discussion of various group life and health insurance topics, including: A. Amount of group dental insurance being written and benefit provisions currently being offered and financial experiences of the coverages to date. B. Problems of professional association groups? C. Current level of interest in group paid-up or group permanent.

Description: This informal general discussion session was centered around ordinary insurance, the size of ordinary policies, mode of premium payment, and juvenile policies.

Description: This panel discussed studies of the risk of loss due to changes in the interest rate environment. It addressed why the C-3 risk is important and how inflation and stability in interest rates can affect the financial soundness of life insurance companies. There was also a discussion of the theoretical work being carried out to calibrate the C-3 risk of variation in interest rates and to what extent the valuation actuary can properly recognize the risk of loss from changes in the interest rate environment within the framework of valuations laws and regulations.

Description: Presented at May 1985 Spring Meeting. This session discussed: Overview of tax changes for different types of life insurers, Product impact by type of product, Implementation issues - calculating tax reserves, Tax planning implications.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 Topics in this discussion include: 1 An overview of the municipal reinvestment market—size, current players, and historical development, 2 A comparison of muni-guaranteed investment contracts to stable value guaranteed investment contacts 3 Types of funds and contracts issued in this market, including contract provisions and risks 4 Roles that life insurers currently play in this market and 5 Use of structured companies or parent-supported subsidiaries.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 The panel provides an update on the status of the Factors in the Risk Selection Techniques Study.

Description: Presented at May 2002 Spring Meeting. This session discusses financial management in the year 2001, which displayed an economic environment unlike that of any year since the 1960s.

Description: This session dealt with pension fund investments with respect to the following discussion topics: A. In May, 1962, there was a drastic fall in stock prices. What effect, if any, did this have on a objectives as to the proportion of pension funds invested in equities and b methods of valuing equity pension assets for pension- fund valuation purposes? B. Where pension funds are invested in a pooled or commingled account what special problems are encountered in asset valuation for pension-fund valuation purposes as distinguished from investments held in an individual separate account or trust?