Description: This paper is written totally under present Indian conditions, but keeping an eye on the future, when there will be number of insurers, and this model can be applied to any condition where a number of insurers already exist. The purpose of this paper is to attempt to measure, from the point of view of a potential life insurance policyholder, the quality of the insurers and the variability between them so that it will be helpful for potential policyholders to choose their insurers according to their requirements.

Description: An updated and expanded translation of the 1863 Theory of Life Insurance Premium Reserves by Dr. August Zillmer, Stettin, Prussia. This is a seminal paper for the life insurance reserve method used extensively in Europe.

Description: This paper discusses which life insurance products are qualified under Section 7702 of the Internal Revenue Code so that the death benefit proceeds are excluded from the taxable income of the beneficiary. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 1.

Description: This section presents and summarizes major insurance-related legal cases of 1958.

Description: Discusses methods developed facilitating the calculation of deficiency reserves arising because of graded premiums or policy fees, The extent dividends and premium rates are determined by a company's own mortality or morbidity experience, problems posed for smaller companies by recent increases in nonmedical limits, and if High School Mathematics Contests have helped smaller companies obtain actuarial personel.

Description: This discussion looks at considerations involved in determining interest rates and when deciding upon a reserve interest rate, the factors which warrant consideration. The panel also explores changes deemed appropriate with the new federal income tax law. From Transactions of Society of Actuaries 1961, Vol. 13, Pt. 2.

Description: This is a discussion about the 1958 CSO Table. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This report looks at a number of court decisions related to insurance contract clauses summarizing the facts of the case and the outcome. Subjects included are the aviation exclusion, assignment of dividends, the incontestable clause, termination of disability benefits, binding receipts, policy assignment, and beneficiaries rights.

Description: The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research are pleased to present results from a company practice survey of individual life insurance accelerated underwriting. Performed by a Milliman team led by Al Klein and Karen Rudolph, the study provides perspectives from both direct life insurance companies and reinsurers. Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting.

Description: Guaranteed Issue mortality valuation tables, report, and definition.