Description: This discussion looks at principles which should govern the determination of the respective proportions of earnings to be allocated to policyholders and stockholders, the level of contingency reserves and surplus which should be maintained, and looks at the extent to which the mandatory Security Valuation Reserve should affect the level of unassigned surplus.

Description: This discussion looks at ways non-government actuaries have served their government, the methods followed for recruitment of actuarial personnel for government service, recently developed mortality experiences and/or tables under government insurance, insurance department reviews of valuations, pensions plans and medical/hospital organization, and benefits for government actuaries.

Description: Topics: Financial strength issues related to formation of new companies, and content of SOA's spring programs and discussion rules.

Description: This section presents and summarizes major insurance-related legal cases of 1957, including a case regarding interpretation of the Soldiers' and Sailors' Civil Relief Act of 1940 with amendments, FIT deduction of group disability benefits, FTC jurisdiction over advertising, group life employee ineligibility and incontestable clause, date of reinstatement, and claims issues.

Description: This paper is a discussion on miscellaneous topics such as 1. if the new form annual statement proposed by a subcommittee of the Blanks Committee of the NAIC involves any problems and 2. what factors have prompted life insurance to consider entering the personal accident and the health insurance field. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.

Description: This paper, written at the request of the chairman of the Society's special committee, contains a description of the data, methods, and principles used to determine the proposed new expense formulas for minimum nonforfeiture values. A discussion of the paper follows. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This paper examines the following cases from 1963: 1.MISREPRESENTATION CHOICE OF LAW: Fleet Messenger Service v. Life Insurance Company of North America, 2. LIABILITY FOR NEGLIGENT DELAY CONFLICT of LAWS:Lowe's North Wilkesboro Hardware v. Fidelity Mutual Life Insurance Company, 3. MISREPRESENTATION SUBSTANDARD POLICY: Turner v. Manhattan Life Insurance Company, 4. AVIATION RESTRICTION DEATH BY DROWNING AFTER CRASH: Rauch vs. Underwriters at Lloyd's of London, 5. LIFE INSURANCE FEDERAL INCOME TAX-TAX EXEMPT INTEREST: Atlas Life Insurance Company vs. United States of America, 6. DIVIDEND LESS THAN ANNUAL PREMIUM- DUTY OF INSURER TO APPLY DlVIDEND: Simmons 9. Cambridge Savings Bank, 7. ACCIDENTAL MEANS HEART ATTACK CAUSED BY EXERTION: Linden Motor Freight Company v. Travelers Insurance Company

Description: Task Force report on life insurance company sales illustration practices from the perspective of the consumer. The study analyzes how well current illustration practices serve their primary functions of: 1. showing the consumer their policy values and premium payments over time, and 2. projecting best estimates of future performance and providing cost and performance comparisons with other policies.

Description: This Report presents the results of a three-year study on Demutualization by a Task Force of the Society of Actuaries. From Transactions of Society of Actuaries 1987, Vol. 39.

Description: This article consists of the Legal Notes from the Transactions of Society of Actuaries 1956 Volume 8, Number 20. The author summarizes recent insurance-related legal decisions.