Description: Summary of the non-routine business transacted at meetings of the Executive Committee of the Society of Actuaries on Dec. 13, 1979 and the Board of Governors on Jan. 24, 1980

Description: This article explains the replacement of the TSA with the North American Actuarial Journal. It gives a chart showing the differences between the two journals and also names the editorial board of the NAAJ.

Description: The American Academy of Actuaries task force charged with developing a risk-base capital formula for health insurers submitted its preliminary report to the NAIC Health Organizations Risk-Based Capital Working Group.

Description: This article presents the findings by a University of Goettingen scientist who indicates that persons with type-O blood are 60% more likely to live to age 75 than are those with type A. This article discusses the impact of this finding on underwriting.

Description: Discusses the evolution of the Valuation Actuaries Symposium since the 1980s.

Description: This article announces the awarding of fellowship credits to Gary Parker for the article he wrote, entitled “Stochastic Analysis of the Interaction Between Investment and Insurance Risks,” and provides a brief synopsis of the paper.

Description: As a result of over 30 states enacting Legislation permitting the use of an interest assumption as high as 4% in determining life insurance reserves, the Society of Actuaries Committee on Preparation and Publication of Monetary Values conducted a survey of insurance companies, consulting actuaries, and regulatory authorities to determine whether this change in legal valuation standards would create a need for the publication of 1958 CSO Monetary Values volumes at 4% interest. After a review of the results of this survey and a study of the computing and printing costs of such a project, the Society’s Board of Governors has authorized the Committee to solicit orders for such volumes.

Description: LIMRA lapse studies have replaced the Linton lapse tables. Article discusses the history of the Linton tables.

Description: A recent list of government publications announces the publication of a volume entitled Actuarial Values I: Valuation of Last Survivor Charitable Remainders-Part B-Two-Life Tables for Untirusts and Pooled Income Funds - Internal Revenue Service Publication 7233 11-71 available from the Superintendent of Documents, U. S. Government Printing Office, Washington, D. C. 20402 for $4.50. The article outlines the actuarial formulas used in determining the tables used by the IRS.

Description: On October 16, 1974, the Congress overrode the Presidential veto of H.R. 15301 The Railroad Retirement Act of 1974, a bill to restructure the railroad retirement system which was based on proposals made jointly by railroad management and labor. H.R. 15301 now P.L. 93-445 embodies some far reaching changes which are mainly directed toward relieving the difficult financial situation of the railroad retirement system.