Description: The articles describes Revenue Procedure 2018-20, providing historical background as well as discussing the content of the new procedure.

Description: An update on SOA research relevant to the Financial Reporting Section.

Description: This article is to outline the new requirements for valuation rates in VM-22, highlighting key differences and example calculations to enhance understanding.

Description: Read the September 2018 issue of The Financial Reporter published by the Financial Reporting Section.

Description: This article examines potential approaches to the calculation of the risk adjustment component, with a focus on a case study related to a UL product.

Description: Review of FASB's proposed "Targeted Improvements" to long duration insurance accounting and how they will impact valuation processes for Long Term Care.

Description: Preparing an effective actuarial memorandum in support of the health actuarial opinion.

Description: Internal Revenue Code (I.R.C.) §§243–2461 provide that a corporation is allowed a percentage deduction for dividends received from other corporations (the DRD). In addition to the general corporate rules regarding the DRD, if the recipient of a corporate dividend is a life insurance company, I.R.C. §812(a) further allocates the benefit of the DRD between the company’s share and the policyholders’ share. This allocation methodology is often referred to as proration. Proration has historically involved a complex and at times contentious2 formulaic process.

Description: This article highlights some key implications for reinsurance contracts held.

Description: Message from Financial Reporting Section Chairperson informing section members what section activities lie ahead in the upcoming year.