Description: The primary purpose of this paper is to present some current company practices with respect to term insurance, and the respective cash value requirements imposed by the state insurance departments. Submitted papers from several authors discussing the report followed.

Description: In this session 120F of the New York Annual Meeting the panel discusses the impact that the Insurance Marketplace Standards Association and other recent market conduct developments will have on the practice and the profession of the actuary. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: This paper is from the Transactions of Society of Actuaries 1956 Volume 8, Number 20. It was presented at the 1956 Spring Meetings of the Society of Actuaries for discussion. The author presents and discusses the provisions of typical agents’ and general agents’ retirement plans. The author then discusses the cost limitations of section 213 of the New York Insurance Law as they apply to agents’ compensation in general, and retirement plans in particular, including a technique acceptable to the New York Insurance Department for demonstrating compliance. The author demonstrates the practical application of this technique with a model submission.

Description: This session from the 1983 SOA Hollywood, Florida Meeting discusses the reasons for mutual life companies to have stock subsidiaries including taxes, introducing new products and distribution systems. It also covers the impact of TEFRA and Stark/Moore. From Record of Society of Actuaries Vol. 9, No. 4

Description: This session from the 1984 SOA Salt Lake City Meeting is the Keynote Address on new products and new approaches. It covers new approaches at the company level and also new approaches for state regulation.

Description: A discussion of the political, economic, and demographic environment in Europe and its impact on the life insurance industry.

Description: From a session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Panelists updated North American actuaries on current issues and trends in the European insurance marketplace.

Description: This session from the 2003 SOA Orlando Meeting focuses on WL and UL insurance products offered in the U.S. and Canada, market and regulatory differences and similarities, the comparison of product offerings and an overview of current issues in product development. From the Record of the Society of Actuaries, Volume 29, No. 3.

Description: This presentation is an open forum, session number 37OF, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelist provides background on this new version of statutory accounting, formally called the Accounting Practices and Procedures Manual, an NAIC document that took effect at the beginning of 2001, noting that even though the accounting isn’t yet formally an accreditation standard, it’s basically in effect everywhere. The panelist discusses the three key classes of documents within the manual: the Statutory Statement of Accounting Principles [SSAP] Appendix A consisting of various excerpts from NAIC model laws and regulations, and Appendix B, containing interpretations of the Emerging Accounting Issues Working Group. The panelist then discusses the relevant pieces of accounting guidance that are important to health valuation actuaries. Discussion from participants is included.

Description: This paper considers the development of the insurance and investment markets in the EC from an historical and legal point of view. The likely changes as a result of the Single European Act are also considered along with possible ways of ensuring the act is met and the role of the actuary in that process. From Actuarial Research Clearing House 1991, Vol. 1.