Description: This article summarizes current regulatory activity discussed at the Spring 2009 meetings of the N.A.I.C. and the National Council of Insurance Legislators.

Description: This article summarizes the key changes to VM-31 requirements in the 2020 version of the Valuation Manual for both life and variable annuities, and compares and contrasts the requirements for each. In addition, the article offers insights into common issues and recommendations for VM-31 reports from the viewpoints of a regulator, consultant, and company actuary.

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.

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 note is motivated by Section 7.4 of Actuarial Mathematics. Consider two different fully-discrete policies issued to x, each for a unit of life insurance during the first h years. Here, h is less than or equal to the shorter of the two premium-payment periods.

Description: This report presents the 1980 CSO and 1980 CET Tables on an Age Last Birthday ALB basis. These tables were derived from the 1980 CSO Age Nearest Birthday ANB Tables with the cooperation of the Committee to Recommend New Mortality Tables for Valuation. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: Outline of the changes made to the 2008 Valuation Basic Table as compared to those that were on the SOA web site prior to the change.

Description: This article discusses the charge for the new SOA/COVARA AIDS Task Force. This new task force will examine and report on the principles and techniques for the financial recognition of AIDS for insurance companies, recognizing both statutory and GAAP accounting.

Description: This is a discussion of the paper, Actuarial Note: Reserves by Different Mortality Tables by Harry Gershenson. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

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.