Description: This article on recent developments in insurance regulation, is a discussion of the new Model Nonforfeiture and Valuation Laws the continuation of an article from the November, 1981 issue of The Actuary, and to be continued in next month’s issue. It covers topics including mortality assumptions and the new 1980 CSO Mortality Tables, maximum valuation interest rates, and maximum nonforfeiture interest rates.

Description: This article discusses the need for more participation by members in the direction of the profession, particularly in the Society of Actuaries.

Description: The author discusses a perceived loophole in the Social Security system whereby an employer could reduce employees’ wages by all or a portion of their Social Security payroll tax and then pay this tax for the employees. This procedure, which had been little used through the years except by householders employing domestic workers, was dubbed “FICA-II,” and the article notes that 1980 legislation prohibited the practice other than for domestic workers and a few other limited exemptions.

Description: Article E&E Development by Lauer in The Actuary, September 1978, Volume 12, Number 7

Description: This article discusses the ratio of male birth to female birth, which is dropping. The experts cite older ages of parents, environmental pollution, fertility drugs, and other factors. This article discusses the observation that throughout nature, the ecosystem maintains a remarkable stability. Due to declining mortality rates for males relative to females, fewer males need to be born now to maintain equal numbers of males and females during the reproductive years. This may be a factor in the decline of the ratio of males born to females born.

Description: This article by the editor discusses responses from readers to The Actuary’s September 1981 Supplement on Universal Life, much of it critical in nature. One responder noted that Universal Life is ‘a symptom of an economy in convulsion,’ and had serious doubts that this product will successfully provided consumers with long term life insurance protection.

Description: An excerpt from an address by Peter E. Moody, F.I.A., President of the Institute of Actuaries at a Society of Actuaries meeting in Minneapolis in May 1980. The address dealt with recent activities toward cooperation between professions in the UK.

Description: Background on U.K. insurance products, and overview of recent developments that are stimulating the previously stagnant U.K. insurance market.

Description: Feature article describing what makes a company a systemically important financial institution and the new rules those companies will have to follow.

Description: discussion of the budgeted income projections for the Society of Actuaries for the 1981-1982 fiscal year and the resulting need for dues and fee increases.