Description: RECORD OF SOCIETY OF ACTUARIES 1976 VOL. 2 NO. 3 This session looks at a variety of proposed laws and regulations on the consumerism front including the U.S. Senate's Consumer Insurance Information and Fairness Act, NAIC cost comparison and disclosure, proposals concerning privacy and risk classification by sex, and Canadian developments.

Description: This 1978 session focused on education for the profession and expanding roles of the actuary. Topics include i. Education for an expanding actuarial profession.2. Expanding the actuary's role in life, property and liability insurance From Record of Society of Actuaries, Vol. 4, No. 1.

Description: This 1978 panel discussed risk classification systems for a variety of products. Topics covered included: 1. regulatory and social policy encroachment on risk classification systems 2. possible changes in underwriting/marketing strategy because of changed regulatory requirements 3. use of the social imperative via regulation or legislation to mandate availability of coverage to high risk classifications 4. implied use of the risk classification system to provide incentives to control socially undesirable behavior 5. potential use of private mass coverage to minimize the impact on risk classification systems for coverages mandated by law or social policy 6. the ultimate in risk classification systems: self-insurance

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 presentation, session number 64PD, took place at the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. The panelists discuss the Society of Actuaries Life Experience Committee’s activities for the year 2000, and the retrospective analysis of X-factors and the role of reinsurers. Discussion from participants is included. From the Record of the Society of Actuaries, Volume 26, No. 3.

Description: This session from the 2003 Washington D.C. Spring Meeting discusses an overview of the development of the 2001 CSO Mortality Table, how the 2001 CSO affects term and whole life products, the tax issues that will arise from adopting the new table and any unresolved issues. From the Record of the Society of Actuaries, Volume 29, No. 1, Session 81PD.

Description: From the 1985 Valuation Actuary Symposium A perspective on the role of the valuation actuary and how it has and will change in the USA, Canada, and the UK.

Description: 1999 Valuation Actuary Symposium, Los Angeles. This session focused on how the industry has responded to the financial management challenges associated with Equity-Indexed products. Topics included: 1. Investment hedging and market volatility. 2. Product modeling. 3. Participation rate competition. 4. Product evolution. 5. GAAP for Derivatives - FAS 133.

Description: In Canada, the actuarial considerations involved in developing financial reporting and disclosure principles have for some years been under active study by the Canadian Institute of Actuaries CIA and others, with a goal of moving toward one system of financial reporting for all users. The author discusses current proposals starting with a 1974 report released by the CIA, and the work of an Advisory Committee with members from the actuarial and accounting professions, industry, and Provincial Insurance Departments, appointed by the Federal Superintendent of Insurance, which completed its work in the form of a written report.

Description: This paper discusses the determination of term insurance reserves in the United States for individual life insurance policies. A valuation method that appears to produce better results than the net level premium reserve or the CRVM is the changing premium valuation method CPVM. From Transactions of Society of Actuaries 1978, Vol. 30.