Description: Summary of discussions from various panelists on the topic of Social Security. They looked at recent developments with respect to general legislation expanding coverage, discussion of the Constitutional issues with respect to Social Security, developing experience of the new Canadian old-age pension plan, inadequacy of the funding levels relative to promised benefits for both the Canadian old-age plan and US Social Security.

Description: This discussion examines problems arising in complying with the provisions of the Federal Welfare and Pension Plans Disclosure Act and problems in connection with underwriting and administration of small groups. From Transactions of Society of Actuaries 1960, Vol. 12, No. 33.

Description: This discussion is about the actuarial considerations that should surround proposals in Congress for reinsurance of health plans. From Transactions of Society of Actuaries 1954, Vol. 6, No. 14.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session discussion is about technological advances. Topics discussed: 1. The exponential growth in power of the microchip. 2. The role of fiber optics in the revolution. 3. The role of the airwaves in the revolution. 4. The risks of over regulation.

Description: This discussion of the Federal Welfare and Pension Plans Disclosure Act reviews problems insurance companies and consulting actuaries are facing. Special procedures adopted are examined as well as the position taken with respect to the major questions arising from this law. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This presentation is a panel discussion, session number 26PD, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The Enron scandal is likely to result in a more transparent disclosure of balance sheet liabilities. The panelists provide a professional/legislative update and offer pragmatic tips to valuation actuaries about how to respond effectively to increased scrutiny. They discuss the Corporate Accountability Act and the increased oversight of the accounting profession that will result, and the implications for actuaries working in accounting firms. They emphasize the importance for actuaries to be aware of the higher standards of independence and the need to follow actuarial standards of practice. Discussion from participants is included.

Description: This is a series of reports on topics including: 1. Recent legislative developments, 2. The training of actuarial students in the United Kingdom, 3. Legislative developments of interest to actuaries, and 4. Observations on the 1970 National Health Forum. From Transactions of Society of Actuaries 1970, Vol. 22, Pt. 2, No. 62 AB.

Description: As the use of predictive models and novel datasets becomes more prevalent, a focus on consumer protection is being highlighted by regulators, ethicists, and industry insiders. Over time, increased rigor should and will be applied in model development and implementation. These issues are not new. Hundreds of individuals have worked on these issues in the laboratory, the board room, and the court room. The Civil Rights Act of 1964, Uniform Guidelines of the US EEOC, the Principles for the Validation and Use of Personnel Selection and other sources are intended to protect the rights of citizens and consumers and provide guidance to professionals in the development and use of decision-making tools. Drawing heavily on examples and parallels from psychology and employment practices as well as other disciplines, concepts such as model bias, fairness, adverse impact, disparate treatment and the like will be presented. Suggestions to ensure model validity, demonstrate model and data relevancy and minimize the potential for adverse impact to protected classes will also be offered. Each of these considerations will be linked to recent dialogue and concerns in the Life Insurance sector.