Description: Study Note Corner from Pension Section News, October 2000, Issue No. 44.

Description: A new initiative, Commercial Health Care: What’s Next, will focus on education and research for health actuaries regarding issues that remain with the ACA.

Description: Update on issues, priorities and key messages from the Joint CAS / CIA / SOA Risk Management Section Council.

Description: An article from the Chairman of the Product Development Section Council with a brief discussion of plans for the section for the upcoming year 2009.

Description: A discussion on investment strategies and long-term financial planning techniques.

Description: Review of LTC Industry

Description: Observes the annual turnover in Section Council membership and introduces the articles in this edition of the newsletter.

Description: Recaps the highlights of last 12 months of activity and accomplishments by the LTC Section Council.

Description: Review of LTC Industry.

Description: I.R.C. § 4371 imposes an excise tax on policies issued by foreign insurers or reinsurers covering U.S. risks. The application of the tax to funds withheld reinsurance can raise difficult questions. The IRS’s position is that an accrual concept applies, although that position is questionable. Taxpayers that instead determine the excise tax by looking only to actual payments made by the ceding company to the reinsurer or to the net amount of the ceded premiums after adjusting for the allowance paid by the reinsurer have a variety of arguments to support their position. The language of the premium excise tax, the regulations thereunder, the legislative history of the provision, and the very nature of an excise tax all support the position that the tax applies only when there is an actual payment. Other Code provisions that use similar language as well as the Supreme Court also support this view.