Description: This 1980 session covers amendments to the SNL and SVL and the anticipated revision to the CSO Mortality Table. Questions discussed: 1. What changes can be expected in requirements in the1980's? 2. What changes in products design will likely emerge from these? 3. What will be the effect on future gross premium, cash value, and reserve levels? 4. Will these changes be compatible with all economic forecast scenarios? 5. Will these changes create a need for increased gross premium rates or for higher company surplus levels? 6. Should attention to solvency measures be increased? 7. Are the allowable valuation interest rates sufficiently liberal?

Description: This panel at the 1982 Society of Actuaries Orlando Spring Meeting focus on the balancing act between growth and sufficient surplus from both a stock and mutual company perspective.

Description: This session from the 1984 SOA Salt Lake City Meeting examines financial reporting for new generation life and annuity products, such as universal life, single premium deferred annuities SPDA's, and flexible premium annuities. Topics include statutory and GAAP reporting, NAIC proposed regulation for UL, management reporting and accounting treatment of rollovers and replacements.

Description: There has been significant discussion of PBR for Life Insurance, but there has also been progress in development of PBR for annuities; including VM-21, VM-22, and future VM-23. The presenters will look at the progress in PBR for annuities and what the future may hold.

Description: 1994 SOA Spring Meeting, Orlando. In December 1993, the NAIC adopted a risk-based capital formula for property and casualty insurers. This session is about the industry implications of the risk-based capital formula and model law.

Description: This presentation is an open forum, session number 45OF, from the 2002 Valuation Actuary Symposium, held September 19-20 in Lake Buena Vista, FL. The panelists provide an opportunity for participants’ questions to be addressed, including questions submitted in advance, on any valuation symposium issue, including financial reporting, valuation, and tax topics.

Description: This panel discussion at the 2004 Valuation Actuary Symposium provides an overview of the current risk-based capital [RBC] requirements for life insurers, as well as insight into topical issues and potential changes in RBC.

Description: 1999 SOA Annual Meeting, San Francisco. Presenters discussed the proposed NAIC model regulations dealing with guaranteed investment contracts. Covered topics: 1. Products subject to regulations. 2. Reserving methodologies described in the regulation. 3. Assumptions. 4. Required actuarial certifications.

Description: Panelists at this session of the SOA 2001 Toronto Spring Meeting give an overview of the new methodology to compute the C-3 component of statutory risk-based capital and quantification of the impact of the change in methodology. Issues from a regulatory perspective and from a company perspective are discussed.

Description: This presentation is a Teaching Session, number 6TS, from the 2000 Valuation Actuary Symposium, held September 14-15 in Washington, DC. Late in 1999, the National Association of Insurance Commissioners [NAIC] adopted Codification of Statutory Accounting Principles. With a targeted uniform compliance date of January 1, 2001, insurers need to focus their attention on the implementation impacts associated with codification. The instructors provide a brief introduction to codification, and discuss the impacts that codification might have on life insurance companies, including: changes in accounting treatment and their impact on surplus and risk-based capital required changes in operational policies and procedures and changes in the annual and quarterly statement reporting process. Discussion from participants is included.