Description: The ACLI porposed some changes to the current Standard Valuation Law even though Principles Based Reserving PBR is being considered as SVL II by the regulatory community. This article outlines the current SVL, those recent changes to the current SVL and the implications of the changes.

Description: Two valuation proposals have occupied the regulatory agenda this year—the ACLI Interim Proposal and SVL II or the Principles Based Approach PBA to reserving. This article summarizes the ACLI Interim Proposal to the current Standard Valuation Law which allows a new preferred mortality table to be used and changes Actuarial Guideline 38 to allow lapse.

Description: This article from The Actuary, April 1971, volume 5, Issue 4 is about a pension section meeting. The moderator opened the meeting by laying down some general principles. Using market value instead of book, accounting for unrealized gains, taking cognizance of different cash flows, objectives, constraints on the manager, and other characteristics of the funds to be compared-all met with general acceptance, in this audience at least.

Description: The current drafts of the principle-based reserves PBR model law and accompanying regulations appear to include credit life insurance within the scope. It is expected that once the scope of PBR is expanded to include accident and health insurance, credit disability will fall within its scope as well. This article describes how will this affect credit actuaries.

Description: This article announces that the Society Board has reaffirmed its desire to adopt actuarial principles as statements of opinion by forming a new Committee on Actuarial Principles. The types of principles considered are Basic Principles, Methodology Principles = Techniques, and Behavioral Principles = Standards of Practice.

Description: The vice president of Professional Services for the SOA gives an overview of the activities in his area.

Description: The August/September 2014 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: A high-level review of the newly effective U.S. Actuarial Standard of Practice 56, Modeling

Description: The authors reflect on the 2023 SOA ImpACT Conference. They share some of the networking opportunities, and give overviews of the general sessions as well as some of the breakout sessions. They discuss reasons for attending an in-person meeting beyond getting continuing professional development credits.

Description: U.S. actuaries working in Canada are subject to Canadian code of conduct rules. This article explains the operation of the CIA with respect to this issue and compares discipline procedures in the U.S versus Canada.