Description: 1999 Valuation Actuary Symposium, Los Angeles. This session discussed issues of particular interest to valuation actuaries in smaller insurance companies. Topics included: 1. Regulation XXX. 2. Actuarial Guidelines 33 and 34. 3. Illustration actuary. 4. Current regulatory proposals. 5. Proposed new Section 7 requirements. 6. C-3 RBC Based on Cash-Flow Testing. 7. Use of outside consultants.

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: 2003 Valuation Actuary Symposium, San Diego, CA. This panel discussion provided an overview of the current risk-based capital RBC requirements for life insurers as well as insight into topical issues and potential changes to RBC. Discussion topics included: 1. Recap of RBC law and RBC calculation rules. 2. Modeling potential impact of alternative actions. 3. The tax impact of the factors. 4. Stochastic capital requirements for variable products. 5. The role of reinsurance and offshore solutions.

Description: 1994 SOA Spring Meeting, San Francisco. This session is about changes to the regulations for statutory reporting. Some of the issues covered are new reserve laws, regulations for term insurance reserves, update rules for asset valuation reserve, interest maintenance reserve, and risk-based capital RBC.

Description: This session from the 1995 SOA New York City Meeting discusses Financial Accounting Standard FAS 115, a company's FLUX score and how it is calculated, the valuation actuary, how to manage off-balance-sheet assets, and how to manage risk-based capital RBC. From the Record of the Society of Actuaries, Vol. 21, No. 2.

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: 1988 Valuation Actuary Symposium. This session discussed the work of the Modeling Subcommittee of the Canadian Institute of Actuaries Solvency Standards Committee. Resource materials were the Statement of Direction of the CIA Solvency Standards Committee and an illustrative report on solvency testing for a hypothetical insurance company.

Description: 1988 Valuation Actuary Symposium. In this session the speaker described the modeling of the participating whole life division including the product description, modelling assumptions, operation of the model, and the results.

Description: 1990 Valuation Actuary Symposium Proceedings is a workshop on statutory, GAAP and tax issues for the valuation actuary. Various specific state regulations are discussed.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 The session provides a brief overview of a variety of financial reporting topics, most of which were discussed in more detail in the subsequent sessions. The overview included topical issues as follows: • National Association of Insurance Commissioners NAIC Life and Health Actuarial Task Force developments and directions • Other NAIC/regulatory development • American Academy of Actuaries AAA/Actuarial Standards Board ASB developments • Financial Accounting Standards Board/Security Exchange Commission FASB/SEC and Generally Accepted Accounting Principles GAAP developments • Tax developments • Reinsurance development • Gramm-Leach-Bliley Financial Modernization Act