Description: This panel discussion is from the 1991 Annual Meeting of the Society of Actuaries, held October 20-23 in Toronto. The panelists discuss the National Association of Insurance Commissioners [NAIC] development of a risk-based capital requirement, and the Canadian Life and Health Insurance Association [CLHIA] Minimum Continuing Capital and Surplus Requirements [MCCSR]. They discuss the history of risk-based surplus, recent developments in Canada and various US states, the rating agencies, bank and international requirements, impetus for change, regulatory activity, and the limitations and difficulties of a mandated industry wide formula. Discussion from participants is included. From the Record of Society of Actuaries Vol. 17, No. 4A.

Description: This 1981 session focused on insurance regulation from a federal vs. state perspective. Topics included: 1. Current regulatory environment 2. Anticipated changes in the regulatory environment 3. Ways the future regulatory environment might be impacted.

Description: Feature article discussing the Life Settlements business: recent growth, pricing, and future of the business.

Description: Insurance Regulation in Spain In response to the 1995 Ordinance on the Supervision of Private Insurers, the Direccion General de Seguros DGS has proposed a sweeping new set of regulations. These regulations replace the 1985 and 1986 regulations their amendments and are intended bring Spanish regulation and practice line with the European Community EC directives. This article reviews some key aspects of the new Spanish regulation and discusses possible responses by the insurance market.

Description: This section presents and summarizes major insurance-related legal cases of 1957, including a case regarding interpretation of the Soldiers' and Sailors' Civil Relief Act of 1940 with amendments, FIT deduction of group disability benefits, FTC jurisdiction over advertising, group life employee ineligibility and incontestable clause, date of reinstatement, and claims issues.

Description: A review of the Flesch formula for measuring the readability of insurance policies

Description: A discussion of the role and responsibilities of actuaries beyond crunching numbers

Description: This article describes some implications of increasing government intervention in the industry, such as the potential to eliminate the industry's ability to classify risk due to anti-discrimination laws and pressure to expand social 'insurance' programs

Description: Discussion that reinsurance regulation is driving the amount and hence the cost of capital and hence the ability of reinsurers to price products competitively

Description: Presented at May 2002 Spring Meeting. Insurance and banking experts update financial services convergence issues since the passage of Gramm-Leach-Bliley 'GLB, a.k.a. Financial Services Modernization Act'. Company reaction to the passage of GLB, actuarial contributions to the process and future actuarial implications are addressed.