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  • Draft SOP on Nontraditional Products: GMDB Reserve Requirements and Implications
    charging for administration versus what are your direct costs for administration and sales that are not ... subtract accumulated actual costs. The SOP does direct that this liability should not be less than zero; ...

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    • Authors: Louis Lombardi, David C Scheinerman, Karen DeToro
    • Date: May 2002
    • Competency: External Forces & Industry Knowledge>External forces and business performance
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Standards of practice; Annuities>Variable annuities; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
  • Actuarial Standards for Product Acturaries
    permissibleand what is not with respect to expense factors. Direct expensesshould be chargedto those policies that ... report is very large. It is preparedwith a lot of care each year and is a very important documentto us ...

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    • Authors: Application Administrator, Craig Likkel, Esther H Milnes, John W H Taylor
    • Date: May 1993
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Standards of practice
  • Regulatory Topics
    on the conservative side. In the absence of a direct standard, all I have done in the past is use a ... mentioned by Doug Doll, but they could have a very direct impact on you folks. Guideline IXA has been exposed ...

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    • Authors: William Carroll, Rodney E Friedy, John A Hartnedy, Kerry Krantz, Robert Potter
    • Date: Sep 2000
    • Competency: Professional Values>Public interest representation; Relationship Management>Relationships and trust
    • Topics: Actuarial Profession>Professional associations; Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Statutory accounting; Public Policy
  • Update on Life Insurance Illustrations
    assumptions that are covered are the definition of direct and indirect expenses, allocating overhead, inflation ... interest in living benefit riders, i.e., long-term-care riders, critical illness riders and the kinds of ...

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    • Authors: Abraham Gootzeit, William C Koenig, Esther H Milnes, Edward Silins
    • Date: Oct 1996
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Standards of practice; Life Insurance>Marketing and distribution - Life Insurance; Public Policy
  • Digest of Discussion at General Sessions - Past and Future Dynamics of North American Retirement Systems
    been devised, but this technicality is not the primary reason that such plans are rare in the private ... zero population growth. The development of child care centers would influence more women to take jobs ...

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    • Authors: E Allen Arnold, James F A Biggs, Richard Daskais, Donald S Grubbs, Robert F Link, Robert J Myers, Donald H Reid, Charles Schaller-Kelly, J Darrison Sillesky, F Eugene Smith, George B Swick, Howard Young, John Dyer, Blackburn H Hazlehurst, William F Marples
    • Date: Mar 1972
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Transactions of the SOA
    • Topics: Actuarial Profession>Standards of practice; Pensions & Retirement
  • Revisiting the Pricing of Your In-Force
    thing that we do when we get informa- tion from a direct company is look at credibility. There are many ... underwriting requirements versus the study. Typically direct company underwriting standards will get tougher ...

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    • Authors: Ronald Klein, Martin Snow, Rachel M Hancock
    • Date: May 1995
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>General business skills
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Standards of practice; Life Insurance>Pricing - Life Insurance
  • Recoverability/Loss Recognition
    regard, it is worth noting that, unless a lot of care is used, adding margins to some assumptions for ... Remember, my company is a reinsurer only with no direct business, and what we do should be considered ...

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    • Authors: Steven H Mahan, Stephen A J Sedlak, Charles Underwood
    • Date: Jan 1992
    • Competency: Technical Skills & Analytical Problem Solving
    • Topics: Actuarial Profession>Standards of practice; Annuities; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Health & Disability; Life Insurance
  • Valuation Actuary Overview - The New Statutory Valuation Opinion
    insurance, v_r_'_ninhealth, disability income, long-term care, and other longer liabilities would have a higher ... effect, one projection process nested within the primary projection. For crediting, unless your business ...

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    • Authors: Douglas Doll, Deborah A Gero, Abraham Gootzeit, Marc Pitoniak
    • Date: Oct 1992
    • Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Standards of practice; Life Insurance>Reserves - Life Insurance; Public Policy
  • It's Thursday Morning, I Must Be in Seoul
    yourself or as part of a firm? Is advice you give direct from you or coming through your firm? Is your ... they're all over the place, and generally users don't care which standard is applicable provided it's robust ...

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    • Authors: Réjean S Besner, Frank Buck, Jeremy Goford, Eric D'Amours
    • Date: Oct 2003
    • Competency: Professional Values
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Code of Conduct; Actuarial Profession>Qualifications; Actuarial Profession>Standards of practice
  • Professionalism and Statements of Actuarial Opinion
    These are some issues we must address. Who is our primary audience? Are we advocates? If yes, for whom ... investigation. I emphasize two key areas that we need our care and knowledge: data quality and the investment ...

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    • Authors: Sam Gutterman, W Paul McCrossan, Robert G Meilander, Herbert S Wolf
    • Date: Sep 1998
    • Competency: External Forces & Industry Knowledge
    • Topics: Actuarial Profession>Standards of practice