Description: This paper proposes a hypothesis that the negative public policy implications of durational rating strategies in the medical insurance market are caused by lack of prefunding of durational deterioration of experience and constitute a failure to maintain an important part of the original insuring promise. To solve the problem, a practical and simple reserving basis is proposed as a regulatory standard. Discussions of this paper are included.

Description: Discusses revenue accounting, use of budgets, automating annual statement work, and reserve calculations for interim statements.

Description: In this paper, the author examines the valuation of life insurance company assets giving a rationale for a valuation basis for each type of asset. The stabilization of asset values is stated as being 'highly desirable'. Several discussants of the paper disagree strongly with the author's views.

Description: This paper begins with an investigation of the conceptual profit model known as Anderson's formula, then it compares Anderson's formula with two alternative profit formulas and discusses some applications and limitations of each method. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This paper looks at adjusted earnings, adjusted book value and net worth as a means of better measuring the performance of a life insurance company. The paper compares insurance company accounting to other entities and defines adjusted earnings. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 56 AB.

Description: This session at the SOA 1962 Jacksonville and Chicago Regional Meetings discussed the investment year method. Considerations with respect to taxes, capital gains and line of business other than group annuity were discussed.

Description: This discussion examines the changes made in underwriting limits and new business expenses, operational changes to improve the valuation process, the use of technology, and the effect of field sales offices also being a point of premium collection.

Description: This discussion covered: 1. The extent to which companies' net earned interest rates have risen above their low points from that of several years ago and 2. The NAICs' new method of dividing amortizable bonds into two classes in the valuation of securities

Description: This article from the Digest of Informal Discussion, Transactions of Society of Actuaries 1955 Volume 7, Number 17, identifies the participants and summarizes their comments. The discussion topics include: comparison of the new Canadian and U.S. convention blank annual statements whether there are any differences significant enough to cause undesirable lack of uniformity difficulties encountered in compiling the Canadian statement by line of business and geographic subdivision and problems which may be anticipated in the preparation of annual statements by reason of Regulation No. 33 of the New York Insurance Department.

Description: This discussion looks at the latest developments in the U.S. federal taxation of life insurance companies. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.