Description: This note suggests a simple approximate formula for the purpose of computing a terminal reserve when only mean reserves and net premiums are known. The author provides an expression for the error in this approximate formula and an exact formula for terminal reserves in terms of mean reserves, amounts of insurance, and a set of constants. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.

Description: This article discusses the the 1998 alternartive XXX model regulations and the potential tax impact on the definition of life insurance and on reserve deductions associated therewith.

Description: In this paper, the authors develop a reserve method for future guaranteed life income payments under the settlement options within a life insurance policy. An approach for entering this information in the statutory statement is presented.

Description: Interplay of §807(f) and the stat cap in §807(d) as there continues to be uncertainty as to whether a change to the stat reserve could be subject to §807(f).

Description: Setting the X Factor Percentile— Commentary by G. Thomas Mitchell from The Financial Reporter, October 1999, Issue No. 40.

Description: The current drafts of the principle-based reserves PBR model law and accompanying regulations appear to include credit life insurance within the scope. It is expected that once the scope of PBR is expanded to include accident and health insurance, credit disability will fall within its scope as well. This article describes how will this affect credit actuaries.

Description: Institutional investors such as pension plans and insurance companies have enjoyed strong equity returns for a length of time with few historical precedents. Nearly a decade after the end of the financial crisis, strategies to provide downside protection remain expensive and the performance of traditional risk-managed funds has disappointed investors.

Description: This is a discussion of the paper, 'The New Standard Ordinary Mortality Table' paper by Sternhell.

Description: This paper concisely presents formulas for calculating reserves with different mortality tables as well as formulas to relate reserves at different interest rates.

Description: This session from the 2003 SOA Orlando Meeting covers XXX reserves for term insurance and UL from the ceding company and reinsurer standpoint, X-factor classes, the 2001 CSO and securitization and accessing capital markets for solutions for reserves and capital requirments of XXX. From the Record of the Society of Actuaries, Volume 29, No. 3.