Description: The paper sets forth a procedure, based on actual experience, for determining extra life insurance reserves for term insurance conversion rights for annual statement purposes. Followed by several submitted discussion papers.

Description: This paper is concerned with the fundamental nature of life insurance company earnings. The operation of the policy reserve system as the timing mechanism which determines the incidence of earnings is discussed, and the concept of release from risk is then described. A policy reserve system based on the concept of release from risk is developed, and the earnings which emerge from this system are analyzed from both an actuarial and an accounting viewpoint. S ome specific p o l i c y r e s e r v e m e t h o d s a r e ident i f i ed a s spe c i a l c a s e s of t h e r e l e a s e f r o m r i sk p o l i c y r e s e r v e s y s t e m .

Description: This is a discussion about the business effects of adoption of the 1958 CSO mortality table, possible reasons for the declining trend in individual life insurance sales, and effects of NY limitations on commissions and developments in agency earnings that could lead to modifications in the agency system.

Description: This article is designed to provide a statistical method for reviewing the accuracy of the incurred but not reported IBNR life claim liability estimates from prior points in time.

Description: This paper describes the Federal Income Tax FIT treatment of reserves historically. Then it describes Principles-Based Reserves PBR. Finally, it discusses issues in the treatment of PBR under FIT.

Description: Mortality Credibility and its use within VM-20.