Description: 2020 and 2021 presented numerous challenges to life and annuity product development actuaries. External forces required carriers to rethink underwriting requirements and risk assessment in real time. Alterations in regulatory frameworks and statutory requirements forced changes to product development priorities while alterationsin the work environment forced changes in how work routines were structured. This session will bring together a group of life and annuity stakeholders to discuss how they addressed these and other challenges, and how their work will be impacted going forward.

Description: This session from the 1984 SOA Toronto Meeting examines the current proposals, regulation and deregulation in the U.S. sector and Canada, The Baldwin-United problem and the implications for the life insurance framework in Canada. From Record of the Society of Actuaries Vol. 10. No. 4

Description: 1992 SOA Regional Meeting, Anaheim. The panel discussed the findings of the Task Force for Research on Life Insurance Sales Illustrations and the direction of regulation in this area. The Task Force recommendations reflected input received from regulators, individual life insurance companies, other insurance professionals and actuaries.

Description: This session from the 1995 SOA Boston Meeting addresses the consequences of a contract or a group of contracts failing to comply with Section 7702 of the Internal Revenue Code and remedying failed contracts. From the Record of the Society of Actuaries, Vol. 21, No. 4b. .

Description: This presentation, session number 97CS, took place at the 1999 Spring Meeting of the Society of Actuaries, held May 24-25 in Atlanta. Using a fictional case study of a class action market conduct related suit against a life insurance company, the presenters discuss the role of the actuary in identifying the problem, quantifying the exposure, and determining the financial consequences of any proposed settlement. Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 1.

Description: This article discusses the conflicting opinions surrounding proposed 1998 legislation that would have authorized mutual life insurance companies in New York to reorganize as stock companies through the formation of upstream Mutual Holding Companies.

Description: This article is a discussion about automatic waivers and the corresponding procedures under IRC sections 7702 and 101f.

Description: A look back on the 25th anniversary of the 1984 Tax Act DEFRA and newly proposed regulations and legislation to raise tax revenue.

Description: After listening to experts address various topics that affect our work as appointed actuaries, take the time to discuss these issues with yourpeers. The Smaller Insurance Company/Chief Actuary Forum presents a unique format for focusing on issues faced by actuaries in leadership positions or actuaries supporting the Chief Actuary. By discussing critical issues with your peers, you will leave with ideas to incorporate in your business environment. The Forum will feature presentations to introduce three of the discussion topics, followed by an opportunity to break into smaller discussion groups and rotate among topics. By attending the session, you will: Be able to better determine how torespond to some of the challenges you face and establish relationships with other actuaries experiencing similar issues.

Description: This article discusses new tax reporting requirements for transfers for value under section 6050Y. It also discusses changes to the transfer for value rule of section 101(a)(2) and (3), including the definition of a reportable policy sale.