Description: This is a discussion of Universal Life insurance, dealing with: 1. Product characteristics 2. Sales compensation 3. Marketing support 4. Regulatory treatment 5. Taxation 6. Administration

Description: 1996 VALUATION ACTUARY SYMPOSIUM. This session was an introduction to the symposium and provided commentary on activities in LHATFA.

Description: 1988 Valuation Actuary Symposium. In this session the presenter discussed the interrelationship between statutory formula reserves and valuation actuary reserves using the structured settlement annuity product as an example.

Description: The SEC recently approved a financial disclosure rule mandating that a company must release material and market-moving information to all investors simultaneously. This article looks at the new rule designed to make financial disclosure fairer for all investors and how it may pose problems for larger insurers, while it may level the playing field for smaller insurers.

Description: Under non-Aristotelian logic, there are multiple values, or shades of gray. Indeed, there may even be unexpected results from logical combinations, like “both” and “neither.” This article discusses how this insight should be applied to the current debate between formula-driven reserves with limited assumption flexibility and the reserve principles approach. For reserve standards, we do need both actuarial judgment grounded in reserving principles and restrictive formula methods or safe harbors.

Description: This article discusses regulatory proposals and developments at both the state and federal level that call for small insurer vigilance.

Description: A discussion of risk based capital for annuities RBC C-3 Phase II

Description: Update on Total Asset Requirements for statutory reporting of reserves and surplus for Variable annuity products with guarantees