Description: This paper discusses the purpose and nature of the benefit ratio [otherwise known as active life] reserve in relation to the class of health insurance contracts to which it is intended to apply. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 1.

Description: A simple short-term disability model is developed, where the loss process is comprised of two processes: new claims process and continuing claims process. This results in a surplus function with stationary dependent increments. Three dimensional transitional probabilities are needed to model the transitions of this non-Markovian process. An approximating model with stationary independent increments is found. The approximating model leads to bounds for the finite probability of ruin. Numerical comparisons are made.

Description: This section contains multiple book reviews and notices concerning the actuarial profession. Reviews: 'Medical Risks: Patterns of Mortality and Survival' by Singer and Levinson, 'The Theory and Practice of Pension Funding' by Trowbridge and Farr, 'Two Stochastic Processes' by Beekman, 'Disability Income Insurance - Cost Differentials between Men and Women' by New York Insurance Department, 'Social Security and Private Pension Plans: Competitive or Complementary' by McGill, 'A New Look at Accounting for Pension Costs' by Hall and Landsittel, '1977 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...,' 'Investigation of Sickness Statistics - Individual Policies, 1971 and 1973' by the Institute of Actuaries and the Faculty of Actuaries, 'The Graduation of Pensioners and of Annuitants Mortality Experience 1967-70' by the Institute of Actuaries and the Faculty of Actuaries, 'Pensions and Survival - the Coming Crisis of Money and Retirement' by Calvert, 'Group Benefits in a Changing Society' by Spencer, 'Experience of Disabled Work Benefits under OASDI 1965-74' by Bayo and Wilkin. Digests also included.

Description: This is the 1978 report of the experience under certain ordinary waiver of premium benefits between 1959 and 1974 anniversaries.

Description: A 1981 two-part study covering experience under individual loss-of-time policies in the first and second years of the benefit period.

Description: Preface to the reports on Group Weekly Indemnity and Group Long Term Disability.

Description: Presented at June 1996 Spring Meeting. Inability to quantify the volatility in individual disability income insurance is one of the key reasons for loss experiences in the industry. Discussion covers: volatility measures for reserving, application of reserve adequacy criteria under various plan designs, application of volatility measures to pricing, and a test of the effectiveness of volatility measures.

Description: In this paper, a format for a two-dimensional actual-to-expected report based on terminations from disability claim status is presented. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This discussion panel, which occurred at the April 1982 Society of Actuaries meeting in Orlando, presented information related to income replacement policies- e.g. disability income. Topics covered included: 1. Pros and cons of integrated income replacement policies. 2. Are there any regulatory problems so far? 3. Recent experience and premium rate considerations. 4. Necessary home office support. From Record of Society of Actuaries Vol. 8, No. 2.

Description: This paper includes three discussions. The first is about permanent type insurance used as a substitute for group term insurance. The second discussion is about long-term disability experience, offsets and underwriting. The third discussion is about medical care expense insurance including experience, trends, impact of Medicare and COB. From Transactions of Society of Actuaries 1968, Vol. 20 Pt. 2, No. 57