Description: Description of the consulting segment of the actuarial profession as it now exists in Canada and the United States, the environment in which it has developed, and some of the unresolved problems and possible future developments. Followed by discussion papers submitted by 2 authors

Description: Task Force report on life insurance company sales illustration practices from the perspective of the consumer. The study analyzes how well current illustration practices serve their primary functions of: 1. showing the consumer their policy values and premium payments over time, and 2. projecting best estimates of future performance and providing cost and performance comparisons with other policies.

Description: This paper documents recent medicare utilization experience from 1975-1977 extracted from a large statistical data file developed by the Department of Health and Human Services. From Transactions of Society of Actuaries 1982, Vol. 34.

Description: The report begins with Tan's paper Source-of-Earnings Analysis under FAS97 Universal Life Accounting that defines a procedure for analyzing the sources of profit. This paper extends the analysis to consider the effect of actual experience varying from expected and the effect of those variances on assumptions for the future. Also the paper illustrates examples of the effect of changing future assumptions or unlocking on the magnitude and incidence of profits and amortization. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This discussion reviews the effect expected from legislation in the U.S. to finance the cost of medical care of the aged. From Transactions of Society of Actuaries 1961, Vol. 13, Pt. 2.

Description: The present paper starts with the published experience in the 1968 'Reports', discusses the factors involved in developing a valuation basis from the basic data, and describes the proposed basis so derived. Commutation functions are also developed.

Description: This report covers the mortality experience observed between 1948 and 1949 policy anniversaries. In addition, two new basic mortality tables derived from the combined experience of the contributing companies between 1946 and 1949 policy anniversaries are presented.

Description: The paper discusses the new code for mortality investigations which is based on a rather extensive revision of the International List of Causes of Death completed in 1948 under the sponsorship of the World Health Organization. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This paper summarizes the legislative history of the several amendments during 1962-65, with emphasis on the significant 1965 ones affecting both OASDI and Public Assistance. Also covered are the recommendations in the fields of OASDI and Hospital Insurance that were made by the Advisory Council on Social Security in 1963-64.

Description: This paper presents the results of a mortality investigation of the insureds under the old-age and survivors insurance system under the Social Security Act. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.