Description: This article summarizes statutory reporting and the Pinciple-Based Initiative that the Academy, the industry and the regulators have been working on in the U.S. It addresses whether a principles-based approach will simplify reporting regulations and make them more flexible.

Description: On January 1, 1986, a life insurance company began issuing whole life policies countrywide on a non-medical issue basis. Each applicant was asked whether he was a smoker or non-smoker. This article looks at the 1st duration smoker/non-smoker mortality.

Description: Discusses a proposal that was ultimately accepted to have the Medical Information Bureau take responsibility for SOA intercompany impairment studies.

Description: This article highlights the research projects under review by the Research Policy Committee. It also invites submission of other projects with the caveat that ideas submitted without an offer of partial or complete funding will have a lower priority level.

Description: In this article, the author demonstrates how to compute interest on a short term credit transaction.

Description: The Actuary Vol. 22, No. 3. This article discusses how the advantages of the General Agency system which existed prior to the 1970s have diminished materially. Therefore, European companies should be very cautious with any attempts to emulate the North American-type agency distribution system of the late 1980s.

Description: This article discusses what the U.S. Census Bureau has to offer. The information includes surveys on population, housing, income, expenditures, crime and health. In addition, it includes censuses and surveys of most U.S. businesses.

Description: This article contains brief notes on the results from the Canadian mortality experience study for experience between the 1965 and 1966 anniversaries under standard Ordinary insurance issues.

Description: A look at the outlook for the Canadian Institute of Actuaries and its view of education and examination issues.

Description: This article provides a summary of the Pension and Employee Benefit Act of 1967 bill S.1103 introduced by Senator Javits of New York. If enacted, it would have far reaching implications.